Debt is an ugly four-letter word, and something that many South Africans are familiar with according to our credit card stats
Of the 25 million credit-active people in South Africa, 40% are not using credit responsibly, which leads to a great deal of debt and stress.
Most of us have been hounded by debt collectors at some point in our lives, but I doubt anyone has ever had their debt scrapped because of it. Yet a judge in Britain set aside a debt of over R200,000 in an effort to reprimand collectors for “torturing” their customer.