What is Debt Counselling?
Debt counselling is a debt relief mechanism for over-indebted consumers.
The main purpose of debt counselling is to:
• Assess a consumer’s state of indebtedness;
• Facilitate debt re-arrangement with credit providers; and
• Make recommendations to credit providers and/or magistrates courts on
behalf of over indebted consumers.
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How do I know if I qualify ?
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Debt in total value of higher than R50 000.
Permanently employed.
Struggling to pay all debts at month-end.
A consumer who is not over-indebted, but is nevertheless experiencing, or likely to experience difficulty satisfying all the consumer’s obligations under credit agreements in a timely manner, or an over-indebted consumer.
In order to be eligible for debt counselling the consumer must be in a position to pay off his debt. He must therefore have an income.
Our Services
1
Reckless Lending Checks
Upon your application,part of our process is to determine whether the creditor has not been reckless in lending you the money that you now owe them.
Meaning that we check if you were - at that time,in a financial position to afford any more debt than you already had.
2
New Budget
We sit down with you and work out a new budget, negotiating with all creditors for a lowered premium,longer pay period or a lowered interest rate, so you may have more spare money throughout the month for the things that matter most -
Your Household and Family.
3
No more Legal Action or Sheriff at your door
When you are under Debt Counselling, no creditor may take legal action against you or send the Sheriff to take your belongings.
Call or Whatsapp us on 062 471 2642
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