Johan Wepener Unclaimed

A highly personalised debt counselling service to help you repay your debt in a structured manner

The answer to this week's seemingly simple question in the #Face2FaceChallenge was a little trickier than expected! Most people want to end #DebtReview soonest, so DO increase your payment or make additional payments if possible. Just be careful not to over-extend yourself. Under debt review, creditors expect full payment monthly. If something unforeseen happens (eg retrenchment) you may not be able to afford the debt review payment. To overcome this, build up an emergency fund of 3 months’ debt review payments. You then have time to find new employment or overcome the unexpected financial constraint. And don’t touch that money unless it's a real emergency!Marinda de Vos, you were absolutely certain of your answer, so you get 1 point. Janine Der Kinderen, as you were on the right track, you also score 1 point! Well done, ladies! The next question is up on Monday.#DebtFreeLifeSA #debt #emergency ... See MoreSee Less