JOHANNESBURG - As financial stress increases, South Africans are turning to debt counsellors.
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Unfortunately, this opens them to scams. Bogus debt counsellors are luring vulnerable consumers into debt review by offering them quick solutions.
These include reducing interest rates and debt write-offs beyond what's permitted by law. So what should consumers look out for when starting the debt review process?
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Financial Journalist, Maya Fisher-French spoke to eNCA.
Beware of debt relief scams 2
Beware of debt relief scams 3