Latest newsDebt collection methodology and strategy has evolved significantly over the years, with changes in laws, regulations, and technology driving these changes. Similarly, the fallout from the pandemic and the subsequent tough economic conditions have demanded a different approach in terms of how debt is collected, and the accommodations needed to help debtors get back on their feet and rehabilitate their accounts. 3 Apr 2023 Read more As fundamental as money is to the security of our livelihoods, it is one of the least understood and poorly managed essential commodities. Millions of South Africans find themselves struggling with bad debt that they are unable to get a hold on, many have a poor grasp of their spending habits, and few actively monitor their credit profile with a view to improving it. Heaping on more pain for indebted consumers, the current economic environment of record high inflation, rising interest rates and a much more expensive cost of living is amplifying the strain that many households are experiencing. The time to grab the debt bull the horns and put a plan in place to manage your recovery is now! 8 Sep 2022 Read more Time to batten down the hatches and deal with expensive debt as interest rates and inflation take their toll. 7 Jul 2022 Read more In an environment of rising interest rates, declining monthly household incomes, growing inflation and the highest fuel prices we have ever faced in our history, South Africans are facing extraordinary financial headwinds and struggling to service their debt on credit cards, store/retail cards, overdrafts and personal loans. Indebted South Africans have reached a point where the overall debt to annual net income ratio across all income bands has reached its highest level ever. 14 Mar 2022 Read more One of the lasting impacts of COVID-19 is going to be a significant increase in distressed, financially vulnerable consumers, many of whom will find themselves with impaired credit records through no fault of their own. Credit providers simply cannot assume a business-as-usual approach in the COVID-19 recovery stage. 15 Nov 2021 Read more Levels of consumer and business financial distress have significantly deepened since the start of the COVID-19 pandemic. The fallout from job losses, business closures and general decrease in financial liquidity have forced sweeping changes onto how credit risk and debt collection need to be managed. The number of once diligently paying debtors who now find themselves in an untenable bind is growing exponentially. 5 Jul 2021 Read more
More news...Contact Shapiro Shaik Defries and AssociatesTel: 011 019 0001
Email: az.oc.adss@ofni
Web: www.ssda.co.za
Address: 257 Beyers Naude Drive, Blackheath, Cresta, South Africa |
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