By Martin Hesse 16h ago
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Re re Payment vacations provided by credit providers throughout the three-month lockdown, from April to June, will surely cost an extra R20.7 billion for the projected 1.6 million South African customers whom took benefit of them.
Here is the view of Benay Sager, the principle officer that is operating of counselling company DebtBusters.
Sager claims although re re re payment holiday breaks had been very good news for individuals dealing with a short-term money crunch, they arrived at a high price. This is certainly as a total outcome of great interest collecting from the financial obligation owed, despite the fact that re payments had been placed on hold for some time.
вЂњWe realize that for several customers re payment vacations had been a lifeline. (more…)