Thusang Debt Management

01/11/2023

The festive season is around the corner and we all excited ! Boy has it been a looong year.Lets put on our Financial savvy hats and ease into this December.Contact us today and ask how ? 😊

31/08/2023

This is an outdated interview whilst i was employed with NDA but still relevant as yours financial expert ,addressing the crux of debt review removal .Listen up !

Tumisang Ndlovu unpacks the truth about leaving debt review with Naledi Totana - National Debt Advisors, Compliance Officer.

30/08/2023

In terms of regocnition of customary traditional marriage act (120) of 1998,Section(7)(1)(2). A customary marriage is in community of property, unless the parties enter into an ante-nuptial contract as it would be in an ordinary marriage. A traditional marriage should therefore be a joint debt review application in the absence of an ante-nuptial contract. consumers who are married traditionally need to be taken on as a joint application unless they are in possession of an ante-nuptial contract and that is my understanding on traditional marriages .

Additionally the South african law dictates how we are to receive customary marriages, which do not require same to be registered at Home Affairs in order for it to be a legally recognised marriage. However, should a couple want to be married out of community of property, they will have to agree to an ante-nuptial agreement, which will have to be registered, and their marriage will also have to be registered as per the ante-nuptial agreement (with or without the accrual).
Thus, in the absence of any ante-nuptial agreement being signed and registered, a marriage will be in community of property.

As Debt counsellors we trust consumers to be honest and truthful.A debt counsellor we refer to the *NCA 34 of 2005 task team agreements ,regulations 24(4)* which would be our only saver as conflicting false information communicated by the consumer would be communicated on the certificate of balance .

29/08/2023

Thusang Debt Management. At Thusang we do not frown upon the overindebted. Let's unpack debt truamas . We all make mistakes ,do not be afraid to address your debt trumas release that burden we welcome it .A qualified professional consultant is ready to call you .

27/08/2023

You may contact us via whatsapp on 063 116 3112

11/08/2023

Happy Women's Month to all Women !

Thusang Debt Management shares a financial recipe for this womens month ! Enjoy 👏

03/08/2023

FEAR OF DEBT is a common concern, but there are ways to navigate it and manage your finances effectively. Here are some tips to help you stop fearing debt:

1. Educate yourself: Understanding the different types of debt and how interest rates work can dispel some of the fear associated with debt.( Stay tuned for an explanation of credit agreements)

2. Create a budget: Budgeting allows you to track your income and expenses, giving you a clear picture of your financial situation.

3. Prioritize debt repayment: Develop a plan to repay your debts in a strategic way.

4. Build an emergency fund: Having an emergency fund can provide a safety net, easing your fear of unexpected expenses.

5. Seek financial advice: Consider consulting a financial advisor or Debt counsellor .

6. Focus on positive financial habits: Instead of dwelling on the fear of debt, shift your focus towards developing healthy financial habits.

7. Stay disciplined: Stick to your repayment plan and avoid taking on unnecessary debt. By practicing discipline and making conscientious financial choices, you'll regain control over.

Remember, debt is a tool that, when used wisely, can help achieve goals and build a strong financial foundation. By being knowledgeable, responsible, and proactive, you can overcome your fear and manage debt effectively.

26/07/2023

Msbee Babalwa Mgayi We are glad to have contributed to your Debt Free journey .Thank you for trusting us to assist you .🙏

26/07/2023

Get a free 5 min debt assessment today ! Let us tell you the do's and don'ts.

25/07/2023

Here are some steps you can consider if you're dealing with debt:

1. Assess your situation: Start by gathering all the information about your debts, including the total amounts owed, interest rates, and minimum monthly payments.

2. Create a budget: Make a detailed list of your income and expenses to determine how much money you have available to allocate towards debt repayment each month.

3. Prioritize your debts: Depending on the interest rates, consider focusing on paying off higher-interest debts first while making minimum payments on the others.

4. Negotiate with creditors: If you're struggling to make payments, reach out us to explore options like negotiating a lower interest rate, a payment plan, or a lump-sum settlement if possible.

5. Reduce expenses: Look for ways to cut down unnecessary expenses temporarily to free up more money for debt payments. This might involve revising your budget, avoiding unnecessary purchases, or finding ways to lower your bills.

6. Increase your income: Explore ways to boost your income, such as taking on a part-time job, freelancing, or selling unused items.

7. Explore consolidation options: If you have multiple debts, you may consider consolidating them into a single loan or transferring to a lower-interest credit card, which can help simplify payments and potentially reduce interest.

8. Seek professional guidance: If your debt situation is complex or overwhelming, reaching out to a credit counseling agency or a certified financial planner may be beneficial. They can provide personalized advice and help you create a debt management plan.

Remember, it's important to be consistent and persistent in your efforts to pay off your debts. Patience and discipline are key.