Shoprite found guilty of reckless lending Shoprite found guilty of reckless lending Shoprite Holdings Ltd. has been found guilty of reckless lending after the South African regulator ruled that the continent’s largest supermarket chain...
Category - NDA Blog
Proposed Medical Aid Tax Credit Cuts Will Hurt The Poorest Most
Proposed Medical Aid Tax Credit Cuts Will Hurt The Poorest Most South Africans are hurting under the tough economic circumstances that the country is facing with many having to seek guidance from debt advice agencies to keep afloat, but...
Court Rules New Home Owners Aren’t Liable For Previous Owners Debt
Court Rules New Home Owners Aren’t Liable For Previous Owners Debt In a country that is largely divided by poverty with a struggling economy and millions of ordinary South African citizens under pressure to repay their debts by consulting...
Weaker Inflation Sees Rise In Economic Transaction Activity
Weaker Inflation Sees Rise In Economic Transaction Activity South Africans have had a bleak economic outlook for this year amidst a depreciating currency, slow growth, flailing investment due to political uncertainty, downgrades and an...
SA May Escape Junk Status By Moodys
SA May Escape Junk Status By Moodys In a country that has been racked by continuous bad news where debt consolidation is the harsh reality for most South Africans, there may be a small silver lining in the midst of the gloom. One of the big...
5 Credit Card Myths You Should Not Believe
5 Credit Card Myths You Should Not Believe I remember the very first time I got offered a credit card. That shiny, cool plastic card that would make all my dreams come true and create a far better life for myself. The reality, of course,...
Vehicle Finance and Debt Review: What You Need To Know
Vehicle Finance and Debt Review: What You Need To Know South Africans have been hit hard by the bleak economic outlook, stagnant growth, junk status, rising living costs and unemployment rates, to name but a few. Never has it been harder to...
Is Debt Settlement A Good Option?
Is Debt Settlement A Good Option? For anyone facing mounting debts, it can be a very overwhelming and stressful experience especially if the debt amounts to ten or even hundreds of thousands of rands and you’ve already had to face several...
Why You Shouldn’t Try To Keep Up With The Joneses
Why You Shouldn’t Try To Keep Up With The Joneses Most of us have neighbours or friends who seem to have it all … a beautiful designer house, the latest SUV, enormous flat screen tv and yearly overseas holidays to extraordinary destinations...
Getting To Grips With The Loan Process
Getting To Grips With The Loan Process Being in the debt counselling business, we understand the financial struggle that many South African's have to face on a daily basis with many being trapped in a cycle of spiralling debts and out of...
Saving Vs Investing: How To Make Your Money Work For You
Saving Vs Investing: How To Make Your Money Work For You Most of us know inherently that saving for a holiday, that coveted luxury item or unexpected expense is a good practice. But how many of us actually save and how many understand the...
Almost R300 000 worth of Debt written off for NDA client
Almost R300 000 worth of Debt written off for NDA client We have taken credit providers for reckless lending, and as a result of our investigations, one of our clients has had almost R300 000.00 in loans written off! Meet Mr. Smith, a single...