‘Debt review is an important protection for people who are genuinely over-indebted.’
An unexpected call offering to reduce monthly debt repayments may appeal to older South Africans living on a retirement income. However, accepting the offer could place someone under debt review without their full understanding or consent.
On one hand, the National Credit Regulator (NCR) has repeatedly warned people about misleading debt counselling offers and unauthorised enrolments to the public.
Retiree having debt
According to FNB’s 2026 Retirement Insights Survey findings, 27% of lower- to middle-income people aged over 60 say they are surprised to still have debt at their age, which continues to strain their financial…