NDMA concerned about debt
The NDMA urged debt stricken consumers to seek help before legal action can be taken.
JOHANNESBURG - The National Debt Mediation Association (NDMA) said on Saturday that at the end of the June quarter, nearly 19,6 million credit active consumers had not been in good standing.
According to figures by the National Credit Regulator, the number of consumers who were unable to pay their debt increased to 9,2 million from 9,05 million in the previous quarter.
The number of consumers regarded as being in good standing fell by 60, 000.
The increase has been attributed to high levels of unemployment, combined with heightened levels of real inflation.
The NDMA's Magauta Mphahlele has urged debt stricken consumers to seek help before they are taken to court.
"What is of concern is that we have about three million people that are three or more months behind in their repayments which means those are the consumers that are most vulnerable to legal action."