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A real example of a consumer under debt review with DCGSA Most SA consumers keep creating debt to cover their existing debt By Casper le Grange - 15 December 2020
DCGSA NC Image: Supplied/DCGSA
A quick fix means the bigger picture is often missed. I thought you may be interested in an example debt review clients we have recently assisted.
These consumers’ combined net income of R35,850 was not enough to cover all the household expenses and debt repayment of R27,440.75 a month. After putting together a budget, they were shocked to discover they needed R20,000 a month for rates and taxes, water and electricity, medical aid, vehicle insurance, school fees, petrol, groceries, cellphone and internet contracts, life insurance policies and more.