debt counsellinglatest news & developments
Short-term or unsecured loans are not an evil to be avoided entirely. They can be good for consumers and the economy — when used responsibly.

How short-term loans could cost you your dream home

Frequent short-term borrowing can hurt your bond application because lenders see it as a sign of financial instability, even if you make repayments on time

  • Des Erasmus
5 min read
Millions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors

Editorial: Financial illiteracy breeds debt

Consumers can get their lives back after going under debt review although the process is not easy

  • Eyaaz
3 min read
File photo

SA consumers turn to personal loans, unsecured credit to survive

Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living This content is restricted to registered users and subscribers. Get Your Free Account The Mail & Guardian is committed to providing all our readers with the best possible experience. Please register your free account now. Your registration is your first step to becoming an M&G community member. Register Registration enables: – M&G newsletters access – notifications – the best possible experience Already registered? Login here Want to subscribe and get even more benefits? Explore our subscription offers

  • Des Erasmus
1 min read

10 million South Africans are drowning in debt

The debt counselling process is not always smooth, as a Durban homeowner who fell into arrears on her mortgage has discovered

  • Des Erasmus
8 min read