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The topic for this City Press/Absa Money Makeover podcast could not be more relevant given the financial stress so many households are feeling amid the Covid-19 coronavirus crisis.
Falling into a debt trap is often due to a change in personal circumstances rather than living a flashy lifestyle. But it is how you respond to the crisis that will determine how quickly you can recover.
Maya and Mapalo chat to Money Makeover candidate Peter and his wife Helen about how they found themselves sliding slowly into a debt trap as they used their credit card to get by.
They also chat to Absa financial adviser Leighanne Decker about the advice she has given the couple and the options available to them to settle their debt.
In the second part of the podcast we hear from candidate Mishack and his Absa adviser Johan Frouws, as well as tips on what to do if you are retrenched.
