Financial stress was undoubtedly the theme for 2009. From the recession’s impact on consumer spending to the increase in debt counselling applications, South Africans have had a rough economic year and the tough economic climate has affected everyone. There are currently just over 18 million credit-active South Africans – with about eight million of those [...]

Ok, let’s have a moment of silence for all those in financial difficulty. Jinne, maar daar is baie van ons! I think it’s safe to say that we have come back to reality, and many of us have hit the ground hard. Unfortunately, it seems that the South African consumer is just not learning! People [...]

From early February, the US has intended to sell a proposed $81 Billion of all of its quarterly sales of long-term debt. It indicates that there is no reason to employ the use of larger auctions in order to finance its massive $1.6 Trillion budget deficit. The treasury department’s Assistant Secretary for federal finance, Matthew [...]

In a story that seems to repeat itself every few months or so, former Baywatch star Pamela Anderson is heavily in debt to the tune of one million dollars. If the star decides to go for debt consolidation, she could potentially eliminate 50 to 70 percent of her total debt. The star upgraded one of [...]