#PODCAST: Credit counseling service DebtSafe call for "better understanding of the law" to avoid costly credit mistakes

By Newsbreak Producer Hoosen Ebrahim - The knock on effect of South Africa's economy in the fourth quarter of 2019 contracting by 1.4% would impact the economic climate and the cost of living. This is according to credit counseling service - DebtSafe, who say that this often leads to many consumers defaulting on their credit agreements. They say that around this time, thousands find it difficult to pay the installments on their vehicles or other installments which then result in the bank repossessing it. DebtSafe spokesperson - Carla Oberholzer - explains why its vital for consumers to fully understand the law in order to avoid these common mistakes...