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Archive for Debt

Talking About Debt

Adv Kate Thambiran @ Lucid Living There is nothing romantic about debt, so many of us may decide not to tell our new spouse about our outstanding bills. For other people, the fear is the reaction of their husband or wife if they find out that you’ve gone into debt using the family savings. But […]

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Prioritizing Your Debt Repayment

John Vaughan (Financial Advisor) @ Lucid Living People struggling to repay debt often hear the same advice — budget better, make more money, negotiate debts, get professional help — but what happens when repayment is difficult even after following that guidance?

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Taking Advantage Of Lower Interest Rates?

John Vaughan (Financial Advisor) @ Lucid Living “I’m so excited,” says Suzette, a first time home buyer. “I’ve heard that banks have cut their prime rate to 9%. It means that I can finally afford to buy a house.”

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Credit & Debt In Numbers

Olive Masha (Debt Counsellor) @ Lucid Living As at the end of June 2010, credit bureaus had records for 18.32 million credit-active  consumers, according to the National Credit Regulator . The number of consumers with impaired  records continued to increase reaching 8.59 million.

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Tips To Get Out Of Debt (Part 2)

John Vaughan (Financial Advisor) @ Lucid Living In Part 1 of this article, we offered you 5 powerful steps to immediately STOP your debt splurge. If you implemented those steps, your debt hang-over should be subsiding and you should be feeling far more confident about your prospects of successfully getting out of debt.

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Tips To Get Out Of Debt (Part 1)

John Vaughan (Financial Advisor) @ Lucid Living For some, job loss, health issues, and major unexpected house/car/family emergencies have loaded them up with debt.  For most, however, debt is the result of unconscious spending, poor money management, or both.

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Has The Debt Crisis Bottomed Out?

John Vaughan (Financial Advisor) @ Lucid Living According to the latest figures released by Statistics SA, retail sales rose to 3,2%, year on year for April 2010. Consensus amongst economist, support the view that the rise in retail sales appear to be underpinned by sound fundamentals and suggest a move toward sustained recovery.

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Non-Payment Gets You Blacklisted

If you are among the 8 million people that have been blacklisted, you need to take charge of your financial situation immediately. This begins with knowing your legal rights and enforcing them.

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