The current global financial crisis has resulted to more people struggling financially.
The ever-increasing cost of today’s living and low salaries has left more and
more South Africans destitute or failing to make ends meet.
This financial crisis and the daily struggles of our people is what has committed us
to assisting people on a daily basis with affordable short loans. It is, however, not
advisable to use further loans to manage existing debt as this may lead to a far
worse financial position to the borrower. If you are already struggling with debt
then it would be a better option to seek financial counselling rather than borrowing
for more money.
Our goal is to keep our customers happy by helping them meet the gaps in their
finances in a responsible manner. We don’t want to see our customers fall into
debt or any kind of financial problems due to irresponsible borrowing.
Staying on budget is incredibly difficult, especially when life throws unexpected
costs and turns at you and simply gettng by day to day is increasingly expensive in
today’s fast paced society. Being in debt is far worse though, it is stressful and
once you are in debt, it can be difficult to get out of that situation.
If you are currently in debt you need to work out a realistic financial budget that
will allow you to make sensible spending cuts, ones that you can live with like not
eating out, getting rid of that expensive car and so on. It is also advisable to talk
with your creditors in order to find ways of settling your debt. Depending on the
creditor and the type of credit, you might be able to extend the loan period,
reduce your payments, suspend repayments for a certain period, or even repay
the loan early with a low interest rate. Anything you can do to better manage your
debt will ease the stress on you and your finances.
Lastly, there are many independent and government agencies that have been set
up to help people get out of debt. It is a wise thing to do to look at all these
options in order to have the right expertise and experienced individuals help guide
you out of your difficult financial situation.