MSD Consulting

Will a debt management plan affect my mortgage?

A model house sitting on a table next to a set of house keys and a mortgage document.

Debt is a serious topic as it impacts many aspects of life. People often ask if a debt management plan will affect a housing mortgage and the simple answer is yes. It can affect your chances of getting a mortgage in South Africa. Debt management strategies are necessary to deal with heavy debt. However, it […]

Create a debt management plan with these simple steps

A young lady sitting at a table with a calculator, working on a debt management plan

Individuals and families who are drowning in debt should develop a debt management strategy. Debt can quickly spiral out of control, causing financial stress and negatively impacting your overall well-being.  The first step in developing a debt management strategy is to evaluate your current debt situation. Begin by listing all of your debt accounts and […]

Debt management tips and advice

A woman meditating at her laptop while going through debt management books

Effective debt management has become critical for South African families with rising financial burdens. According to Bloomberg, South Africa’s gross debt will exceed R6 trillion by March 2026. In 2023, it currently stands at around R5.02 trillion, which shows how severe the debt crisis is and why good financial management is essential. For many South […]

How to find the right debt counselling company

A woman sitting next to a man offering advice in her debt counselling company.

Debt management is a critical issue for many South Africans and recent data shows that it has a wide-ranging influence on people and families alike. South Africa’s overall consumer debt stands at a startling R1.73 trillion as of 2023, highlighting the critical importance of finding effective solutions to this problem.  Seeking the services of a […]

How long does debt counselling take?

Two women sitting next to each other looking at a counselling sheet

Debt affects a sizable section of the South African population, with many individuals and households unable to keep up with their payments. According to a recent Old Mutual Savings and Investment Monitor, 38% of South Africans have debt that exceeds their income and 10% of households have skipped a meal owing to a lack of […]

Professional debt counselling services in South Africa

A young woman woman offering debt counselling services to another young woman sitting beside her.

Debt management and counselling services are critical in assisting people to overcome financial challenges and establish a secure financial future. In South Africa, where debt levels are high and living costs continue to rise, seeking professional help can make a significant difference in debt management.  This is where MSD Consulting can help. We are a […]

Does debt counselling affect credit score?

Young lady holding a calculator in one hand and looking at credit score papers in her other hand

South Africa has a high level of debt among its citizens, with many people struggling to manage their finances and maintain their credit scores. One of the most commonly asked questions is whether debt counselling will have a negative impact on an individual’s credit score.  The short answer is yes, it can, but there are […]

How does debt counselling work?

A young woman doing debt counselling work by speaking to a young man while sitting next to him.

South Africa is currently experiencing a severe debt crisis, with many individuals and households unable to meet their financial obligations. According to CEIC, South African household debt reached R2.83 trillion in June 2023. This is 40.9% of the national gross domestic product (GDP). Debt counselling is a recommended solution to help people regain control of […]

Why debt counselling is a good idea

A professional man sitting in a chair offering debt counselling services.

Debt has become a major concern for many South Africans, causing financial stress, strained relationships and limited opportunities for growth. With the rising cost of living and the challenges posed by the current economic climate, debt counselling could be your saving grace. It’s no surprise that South Africa’s debt levels have reached alarming proportions.  Debt […]