MyMoney Online, Make Money Mondays

Drowning in debt? Credit Ombud (tasked with enforcing fairness) gives advice

The Money Show's Bruce Whitfield interviewed Credit Ombud Nicky Lala-Mohan – our ally – about current red flags for his weekly “Make Money Mondays” feature.

Scroll down for quotes from the audio below.

There are more interest rate hikes coming this year.

Nicky Lala-Mohan, Credit Ombud

76% of South Africans are broke at the end of the month.

Nicky Lala-Mohan, Credit Ombud

You may not collect a debt after three years…

Nicky Lala-Mohan, Credit Ombud

Some credit providers in the micro-lending space stand out as being worse than most. But we don't name and shame.

Nicky Lala-Mohan, Credit Ombud

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Article brought to us by Old Mutual.

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Fan of The Money Show? Sign up for a newsletter containing the 10 most-read articles of the week. Here’s what you’ll be getting…

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