WHY DO WE SPEND?
Behaviour economics says that it's all in our DNA. We have a fast and impulsive side to our brains that has evolved over hundreds of thousands of years, say experts.
It's very good at keeping us alive when we are in the jungle, for example, and there's a tiger around. Then we've got a slower side of the brain, which is more rational, more analytical, and that side of the brain is better at making decisions once we've thought about them.
It's that reactive and impulsive side that excites marketeers and they know our triggers. No matter how much money you have, the environment is full of people who are very good at making sure that they'll be able to take all of it.
As a result, we often live too close to the edge and have no financing resources to draw on when times get tough.
Please click on the window below to see a story that Carte Blanche did about Debt Counselling.
WHAT IS DEBT COUNSELLING?
Debt Review is a process where a consumer gets assistance from an NCR registered Debt Counsellor. The Process starts with an application for Debt Review and is done when the consumer receives a Clearance certificate after all debts have been settled. The time of the process may vary and all depends on how much debt the consumer has to repay.
An NCR approved Debt Counselor will assist the consumer in dealing with his/her debt. The Debt Counsellor will deal with all the credit providers the consumer received credit from and calculate a payment agreement which will allow to cover the consumer’s living expenses and distribute the remainder of the money to the creditors.
The Debt Counsellor will look at the applicant’s financial circumstances and make a recommendation to the creditors and deal with the courts concerning the restructuring of the debt and could even in some circumstances help to cancel certain credit agreements due to Reckless Lending.
On this site you will be taken through the whole Ncr debt counseling process and be able to gain some knowledge about debt in South Africa.
Debt depression debt collectors budget what is debt counselling credit creditors credit record DCRS debt Debt Counselor debt counsellor debt free debt free. debt tips debt help debt management debt repayment Debt Review Debtsafe gauteng and johannesburg stuck in debt economy financial freedom get out of debt holidays installments interest rates invest lifestylenca ncr News opportunities payment distribution agent pdapersonal loans DEBT IN SOUTH AFRICA repay debt resolutions retirement sacrificessaving savingsNational Credit Act saving tips stay positive Money cape town over-indebtedness Google
|Copyright ©2013 Debt Counselling SA Part of the SDC Group All Rights Reserved|
All applications gets treated as private and confidential and your info will never be shared with anyone outside of the debt review process.