Second wave hampers efforts to reduce debt
THE second wave of Covid-19 is likely to undermine inroads South African consumers have made into reducing their debt. This trend was bolstered by the uptake of DebiCheck, the secure debit-order payment system introduced by the Payments Association of South Africa in November 2019, which ensures that consumers can’t wriggle out of their debit-order obligations without good reason.
According to TransUnion’s latest
