Real Estate Investor Magazine June 2024 Edition | Page 148

DEBT MANAGEMENT STRATEGIES

– PART 1 get out of Bad Debt ets and Income

The South African Human Rights Commission ( SAHRC ) showed that of 19 million credit active consumers in South Africa , more than half have impaired credit records with three months plus in arrears on debt payments .
Before COVID-19 over 10 million South Africans had bad debt and had missed three or more monthly repayments . When you add it all up , it can be daunting and seemingly insurmountable . But don ' t worry , there are steps you can take to get yourself out of bad debt .
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