DEBT HIGHLIGHTS

The National Credit Amendment Act is likely to plunge the working class deeper in the red … says Georgina Crouth.

It is all too easy for consumers to buy into myths and false beliefs about their credit profile.

The signing into law of the National Credit Amendment Act has drawn mixed reactions over whether it will be good or bad for over-indebted consumers.

Consumer credit has continued to rise over the past two quarters of this year, which means that consumers are relying more on credit cards and personal loans to get by.