MSD Consulting

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 […]

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 […]