By Martin Hesse 16h ago
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re re Payment vacations provided by credit providers throughout 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 advantageous asset of them.
This is actually the view of Benay Sager, the principle operating officer of financial obligation counselling company DebtBusters.
Sager claims although re re payment holiday breaks had been very good news for individuals dealing with a short-term money crunch, they arrived at a price. It is being a total outcome of great interest amassing on the financial obligation owed, despite the fact that re payments had been placed on hold for a time.
вЂњWe recognize that for all consumers re payment holiday breaks had been a lifeline.