Money on a Monday: Don’t be fooled into undergoing debt review

Banks are warning their customers to be cautious of advertisements promising significant discounts on debt repayments without clarifying that they are actually referring to debt review or debt counselling. While debt review can indeed help to manage debt, it also has serious implications such as losing access to credit and incurring the payment of upfront fees. Lester Kiewit speaks to René Moonsamy, chairperson of the National Debt Counselling Association to discuss more. Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show.  Lester Kiewit brings you a fresh and reliable start to the day on Good Morning Cape Town with Lester Kiewit. The show covers the stories that matter to Cape Town, with clear, thoughtful conversations and a focus on what’s relevant and interesting. Thank you for listening. Catch the show live on Primedia+ weekdays from 6 am to 9 am (South African time) https://buff.ly/NnFM3Nk Find more from the show and catch‑up podcasts on Primedia+ https://buff.ly/xGkqLbT Subscribe to the CapeTalk newsletter to stay up to date https://buff.ly/sbvVZD5  Let’s keep the conversation going online: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/capetalkza CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.