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Failing to pay your Credit Card debt can put you in a legal predicament. Missing out on even one month's installment can negatively impact your Credit Score.

Sequestration in South Africa is a legal process that allows individuals who are unable to pay their debts to be declared insolvent. By doing so a large portion of their debt is written off.

Paying off your debts can prove challenging to many. Many fail to understand that paying off debts requires discipline, planning, and proper financial management.

South African consumers are stuck in an unsecured debt trap, while they had no real income increase since 2016.