Managing Debt Quiz

Managing Debt Quiz

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Question 1 of 3

1. Question
Choose the correct statement(s)
- Using debt creates risk for the user
- I should always try and pay off the biggest debt first
- If I'm stressed about how much I owe, I am a candidate for debt counselling
- It's not a good idea to pay people to get one out of debt
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Question 2 of 3

2. Question
I have received a (Section 129) notice from a furniture company that I owe R10 000 to.

Choose the most correct alternatives from those below:
- Ignore the notice and I have moved and they won't find me
- Go and see them and attempt to renegotiate
- Pay the outstanding balance
- Wait for the summons
- Go and see a registered debt counsellor
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Question 3 of 3

3. Question
Choose the correct statement(s)

Once I am in the debt counselling process…
- I can still make use of a limited amount of credit
- I am part of a legal process
- The debt counsellor and the Payment Distribution Agency (PDA) charge fees, which are for my account
- The debt counsellor has no power to negotiate with my creditors
- I can still end up in court if I don't adhere to the agreement
- It can take many years before all my debts are cleared
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