6 tips to avoid COVID-19 debt traps

6 tips to avoid COVID-19 debt traps

6 tips to avoid COVID-19 debt traps

Since the national state of disaster was declared on 15 March, the COVID-19 pandemic has been with us for longer than many of us expected. There have been serious financial consequences as the global economy has buckled under the fall out of the pandemic. Now, more than ever, is the time to review your finances and make an effort to avoid any debt traps – don’t worry,WageWise is here to help you.

A debt trap is a situation in which a debt is difficult or impossible to repay, often because of high interest rates.

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