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Ease your debt pressures

Debt management solutions

We have a number of ways we can help you deal with your debt, whatever the financial situation you find yourself in.

How can we assist you



  • Are you anxious every month-end about debit orders bouncing?
  • Do you worry about having enough money to cover your debts every month?
  • Do you feel you are living from hand to mouth?

If you've answered 'yes' to any of these questions, it's time to evaluate your finances. There is help available.

1. Consolidate

  • Sign in to internet banking
  • Take note of your total income. While you may know how much you earn, there may be salary deductions that can reduce the actual amount of money that enters your bank account.
  • Analyse and add up all your living expenses, including all things you pay for.  (Living expenses are things like groceries, fuel, clothing and school fees, e.t.c.)
  • Lastly, analyse and add up your debt repayments. (These are the amounts that you pay as monthly instalments things like personal loans, home loans, car loans, credit cards, e.t.c.)

2. Budget

If you cannot reduce your living expenses, then a budget is your best tool. Creating a budget is not as hard as you may think.

  • Start by working out how much of money you spend on debt every month.
  • Once you have calculated your expected debt expenditure every month, see how much you have left over. This is how much you have left to fund your living expenses.
  • Work out what groceries you purchase every month. 
  • Next, look up the prices of these goods at the various retailers in your area. Remember, certain products can be bought in bulk without spoiling and this may be more cost effective. 
  • Shop around. Remember that one retailer may not have all the goods at the best possible prices but also remember there may be a travelling cost to purchasing cheaper goods. 
  • How much of fuel are you using a month?  Is there a way to cut back on your travelling or how much you are spending on fuel? Remember that at participating Caltex stores you get UCount points which can go a long way in a tight month (see step three). 
  • Next, add up any other expenses you have per month, for example, utilities, school fees, insurances and amenities. 
  • You now have an estimate on what you should be spending for debt and living expenses. Going forward, make sure you keep to these expenses. Overspending on one of these expenses will reduce the amount of money you have at the end of the month or prevent savings. 

3. Loyalty Programmes

Does the retailer you shop at offer a loyalty program? Nearly all do, and this can add to your savings. Take advantage of the programs on offer.

Standard Bank offers a great rewards program, UCount, which gives you UCount rewards for spending at partner retailers or having certain debts with us. Take advantage of the program as these points convert to money which can then be spent.

4. Negotiate

Did you know that some creditors are willing to negotiate your repayment term or interest rate? Negotiate with your creditors for a better deal. A saving of even a few Rand adds up at the end of the month. 

You can also apply this to insurances. Shop around for the best deal on your insurance but remember, do not change Insurers without being fully aware of terms and conditions you enter. Remember, you have nothing to lose by asking for a reduced instalment and everything to gain. 

If you are looking for professional assistance in resolving your financial stress, why not contact our Debt Care Centre? They are team of professionals that can assess your financial position and provide you with tailored solutions to fit your position. They are not Debt Counsellors, and this does not mean you are in Debt Review. For more information on what they do, click on the Debt Care Centre link .

If You're In Arrears


It's best to reach out for help before your financial situation gets worse. Remember, missing debt repayments affects your credit score – making it difficult for you to get more credit. Please see our list of contact numbers below: