By Martin Hesse 16h ago
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Re Payment breaks provided by credit providers throughout the lockdown that is three-month from April to June, will surely cost an extra R20.7 billion for the approximated 1.6 million South African customers whom took advantageous asset of them.
Here is the view of Benay Sager, the chief running officer of financial obligation counselling company DebtBusters.
Sager claims although re payment vacations had been great news for individuals dealing with a short-term money crunch, they arrived at a high price. This can be as being a total outcome of interest gathering on the financial obligation owed, despite the fact that re payments were placed on hold for a time.
???We realize that for most customers payment holiday breaks had been a lifeline.