Debt counselling company, Debt Rescue, says it has experienced a substantial increase in financially distressed consumers applying for debt review over the past few months.
Debt Rescue CEO, Neil Roets said that since the beginning of January there had been a marked increase in the number of consumers who sought relief by going under debt review.
We have seen an increase of over 20% over the past several months of the number of debtors approaching debt counsellors for help.
Amid the gloom of economic recession and downgrades by credit rating agencies, consumers can expect some relief in the form of a sharp drop in the petrol price in July thanks to a resilient rand and a declining oil price.
Independent economi…
Read the full article at: https://businesstech.co.za/news/finance/181449/big-jump-in-sa-consumers-looking-for-debt-relief/
