Financial troubles? Don't let guilt and shame paralyse you

MANY South Africans struggle with debt and meeting their day-to-day living expenses.

- STAFF REPORTER

Yet despite the availability of expert help and practical solutions, they remain trapped by feelings of guilt, shame and uncertainty, which prevent them from reaching out for the support they need.

A particular source of guilt is the garnishee order, correctly known as an emoluments attachment order (EAO), whereby creditors can recover unpaid debts directly from a person's salary.

According to Salem Nyati, consumer financial education specialist at Momentum Group, the stigma attached to EAOs prevents honest and hardworking people from seeking help, managing their debts and moving forward with their financial goals.

"When people feel embarrassed about their debt or financial mistakes, they typically avoid reaching out for help, delay important decisions and hide their struggles from family and friends," she says.

"This silence only deepens the problem, making it harder to break free from debt and rebuild financial health."

Nyati says EAOs are a reality for many South Africans. However, with open conversation and the right support, those affected by EAOs can:

◆ Understand their rights: many people are unaware that some EAOs are unlawfully administered or that these could be renegotiated.

◆ Reclaim control: by confronting the issue, you can make informed decisions about budgeting, debt consolidation and savings, even when you are a low-income earner.