How does Debt Review Work? Ever wondered, how does debt review work? If you are struggling with your debt repayments and are interested in debt review , it’s a good idea to get a crystal clear understanding of how debt review works, before...
Category - NDA Blog
How Will Brexit Affect South Africa?
How Will Brexit Affect South Africa? What is Brexit? Brexit refers to Britain’s exit from the European Union (EU). In a referendum yesterday, 23 June 2016, the people of Britain voted for the country to remain a member of the EU. The...
Is a R753 Social Grant Enough to Feed a Family?
Is a R753 Social Grant Enough to Feed a Family? An investigation by Fin24 has revealed just how much a basic monthly grocery shop costs for a family of five. They discovered it would cost R1, 146.57 a month at the very least. For a family of...
The Shopping Habits of South African Consumers
The Shopping Habits of South African Consumers South African consumers are big bargain hunters, according to a recent study of Shopper Trends. The Nielson Study looked at the shopping habits of 2524 influencers and major grocery buyers in...
Need Protection from Your Credit Providers? Contact us today!
Need Protection from Your Credit Providers? Contact us today! How can NDA help me? Your creditors can't take legal action for 2 months If your creditors are trying to take legal action against you, entering debt counselling with NDA...
NCR Dodges Questions about Reckless Lending at African Bank
NCR Dodges Questions about Reckless Lending at African Bank It is shocking and deeply troubling that the National Credit Regulator (NCR) declined to divulge information to investigators compiling a report about the collapse of African Bank....
Debt Consolidation Companies
Debt Consolidation Companies Debt consolidation companies often market loans as a quick fix for people with too much credit card debt burdening them. But financial advisers warn that these loans often create a bigger problem instead...
95% of SA Households Can’t Make Ends Meet
95% of SA Households Can’t Make Ends Meet ’94.5% of South African households earn negative net incomes’ When a household’s expenses exceed their after-tax income, they are earning what we call a negative net income. Standard Bank recently...
New Regulation to Curb Reckless Lending
New Regulation to Curb Reckless Lending To curb reckless lending, a new regulation has made it compulsory for all lenders to register with the National Credit Regulator (NCR). What is reckless lending? It is unlawful for a lender to grant...
Will Your Insurance Pay If You Enter Debt Counselling?
Will Your Insurance Pay If You Enter Debt Counselling? Are you aware that you may not be paid out on your insurance if you are under debt counselling? It seems outrageous and unfair but it may happen to you. We tell you what you can do about...
Capitec Bank to Fight Reckless Lending Charges
Capitec Bank to Fight Reckless Lending Charges Capitec Bank, a major provider of unsecured loans in South Africa, has lodged its opposition to Summit Financial Partners’ reckless lending charges and is set to submit responding court papers...
Huge Petrol Price Hike to Hit SA in June
Huge Petrol Price Hike to Hit SA in June The Department of Energy confirmed that consumers can anticipate a petrol price increase of 52c a litre in June. The weaker rand and higher international oil prices are behind this latest price...