We advise our customers to contact the National Debt Mediation Association (NDMA) and the National Credit Regulator (NCR) for assistance. The NDMA also prov...

Should you reach a stage in your life where you are unable to pay back your loans, a debt counselor will assist you in negotiating with your creditors (the ...

An interest rate is the fee you pay to the company from which you borrow money. It is calculated as a percentage of the amount borrowed, and it will need to...

This is the part of your salary that gets paid into your bank account every month (or week) after deductions such as tax, UIF, medical aid or pension.

This is the money you earn from your salary every month before any deductions have been made.

The credit cost multiple shows how much you are paying over and above the amount you are borrowing. This is calculated by adding your loan amount, the inter...

Unfortunately, FinChoice does not offer debt counseling services, but we can refer you to someone. Should you find yourself in need of debt counselling, ple...

A debit order mandate refers to the permission given by a customer to a service provider to automatically deduct money from their account. In our case, a de...

Sequestration is a process where an insolvent person applies to the High Court of South Africa to write off 80% of their debt.

You are considered insolvent if your debt is more than your income.