Media Coverage

Premature debt counselling could harm future credit, banks warn South Africans

Premature debt counselling could harm future credit, banks warn South Africans

The National Debt Counsellors’ Association (NDCA) said in a media statement on Thursday that there is “enormous potential” to release more of the outstanding personal debt owed by South Africans back into the economy.

According to NDCA chair Benay Sager, around R70 billion to R100 billion of the country’s total outstanding debt is held by consumers who are in debt review.

Read the full article in The Citizen.

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