WENDY KNOWLER | Consolidation loans can worsen debt trap
"The results indicated that consolidation loan practices constitute predatory lending, which exacerbates household over-indebtedness."
Source: timeslive.co.za
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"The results indicated that consolidation loan practices constitute predatory lending, which exacerbates household over-indebtedness."
Like many who are horribly over-indebted, Miriam hadn’t really interrogated her numbers: all she knew when she made that call to the country’s largest debt counselling company was that “my debt has got too much”.