Debt Management

Author:

Published:

Updated:

« Back to Glossary Index

Definition of “Debt Management” :

“Debt Management” refers to the strategies or methods implemented to handle and repay debts effectively. It often includes negotiating with creditors, consolidating debts, and creating a structured repayment plan. In South Africa, it’s commonly facilitated by a debt counsellor as part of the National Credit Act.

« Back to Glossary Index

Latest guides