South Africans seeking debt review are committing nearly 60% of their net income to unsecured loans alone, before accounting for home or vehicle repayments.

According to new data from the South African Financial Pressure Index, which surveyed over 1500 applicants, higher earnings provide little shield against distress: one in five applicants earns over R15 000 a month, and one in eight brings home more than R20 000.

Joining us to break down these figures and what they mean for consumers is Leonie van Pletzen, CEO of the Credit Association of South Africa (CASA).

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