Benjamin Franklin was onto something when he said, “Failing to plan is planning to fail”, and budgeting is no different. A successful financial plan can help to steer your life into a direction that you’ve only ever dreamed of.
With many South Africans drowning in debt, it’s no surprise that people are taking out more credit to cover another. But what if we told you that we have a long-term solution, to get you out of debt once and for all?
Most of us have neighbors 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 that most of us can only dream about! We want to ‘keep up with the Joneses by acquiring the same brands, and secretly even maybe outdo them with the very latest releases.
2018 and already the start of 2019 has been a particularly difficult time for South African consumers, with the first VAT increase in late 2018, the price of petrol constantly on the rise and in March 2019, we saw a peak that made history, clearing existing debt is possibly the best way to keep your head above water. Easier said than done, right? Not necessarily.
At NC Debt Counsellors (NCDC) we understand the importance of consumer rights. So to give you an all-round understanding of what your consumer rights are according to the National Credit Act, we’ve compiled a list of your consumer rights under debt review, coupled with your responsibilities.