Discussion | Increase in consumer applying for debt for counselling

CAPE TOWN - The number of credit-active individuals has continued to rise year-on-year, increasing by 1.4%.

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Based on the latest credit data report, there’s more than 900-thousand new entrants to the credit market.

There’s also been a significant increase in applications for debt counselling.

Andrew Fulton, Director at Eighty Twenty spoke to eNCA.