Nosiphiwo Nxawe at DebtBusters says research and anecdotal evidence show that being in debt can take its toll on mental well-being. That, in turn, made it harder to face reality and deal with the root cause of the problem.
According to DebtBusters’ fourth quarter Debt Index, debt counselling enquiries in the fourth quarter of last year rose by 18 percent compared to the same period the previous year.