DebtBusters Q1 2025 debt index says more and more South Africans are relying on personal and payday loans to survive the rising cost of living.
And that a third of South Africans with credit are struggling to repay their debts.
This includes individuals who are three months or more behind on payments, those facing legal action, or those with adverse listings.
Debt to income ratios for top earners are also at a record high despite growing consumer confidence.
And 91 percent of debt counselling applicants hold personal loans.