Why are South Africans battling to pay their Debts
Reports from Consumer Credit Agencies such as TransUnion South Africahas revealed that Consumer Demand for credit remains high. Outstanding balances are increasing to the previous year comparisons, regardless of the credit categories. Borrowing Levels are likely driven by the current challenging economic conditions to assist with the day-to-day expenses, there are however still larger purchases being made across most South Africans. As the Household income growth appears to be weak it has been put increased strain on household finances during this volatile economic conditions. This