How do you know when it’s time for debt counselling?
Debt counselling has helped thousands of people in South Africa become debt free.
Did you know? Statistics South Africa stated in June that 49168 summons were issued in South Africa. So, as we already know, South African consumers are no strangers to debt. And, especially nearing the end of the year, consumers find themselves in more trouble than ever before. This is thanks to Black Friday, Christmas, the holidays, upcoming school payments and other extra expenses.
If you are caught in debt and need to free yourself from the weight of debt, debt counselling may be the best solution for you.
Here’s why we suggest you choose debt counselling:
Basically, a qualified debt counsellor will examine your current debt situation. They will then create an effective repayment plan for your debts. They take into account your entire financial situation, including your salary, assets, etc. They also take care of any communication with your creditors and negotiate with them to get you the lowest possible interest rates. Also, while you’re under Debt Review, your creditors cannot take action against you!
While undergoing Debt Counselling you cannot take out any loans or use any of your existing credit accounts. This prevents you from racking up any further debt.
Debt free is just ahead
This is a huge change to go through. But, with the right guidance and support from your Debt Counseling company, you will have enough money for your other monthly expenses and you will become debt-free if you really want to.