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Consumers should exercise care despite new debt-relief law | IOL Business Report

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Consumers should be sensible in taking on further debt even though a debt relief bill has now been signed into law. busrep

JOHANNESBURG – The country’s leading and largest debt counsellor, DebtBusters, says consumers should be sensible in taking on further debt even though a debt relief bill has now been signed into law.

“It will take some time, possibly up to 24 months, for regulations to be finalised so the law can be implemented. Taking out more credit than you can afford in the meanwhile isn’t a good idea and could have long-term implications for your credit record.”

 

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