By Martin Hesse 16h ago
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Re Payment breaks provided by credit providers through the lockdown that is three-month from April to June, will definitely cost an extra R20.7 billion for the predicted 1.6 million South African customers whom took benefit of them.
This is basically the view of Benay Sager, the principle running officer of debt counselling company DebtBusters.
Sager claims although re payment holidays had been news that is good individuals dealing with a short-term money crunch, they arrived at a high price. That is being a total outcome of great interest acquiring on the financial obligation owed, despite the fact that re re payments had been placed on hold for a time.
вЂњWe recognize that for most customers re re payment breaks had been a lifeline. Read more