Why use Debt Counselling (Debt Review)?
Are you struggling to make your monthly debt repayments? Are you constantly receiving phone calls
from your creditors regarding repayment. Debt Counselling will undergo Debt Review
and help you take control of your finances again. Debt Counselling is a highly effective
solution for people with serious debt problems. Get peace of mind and let Debt Counselling
South Africa help you by re-negotiating repayments with your creditors that you can afford. You do
not have to sell your assets in order to repay creditors as in the case of an Administration order. You
do not have to have a clean record or a mortgage bond in order for Debt Review
to help you.
How do I qualify?
Anyone who, after deducting living expenses from their net salary, has less cash left over
than the instalments on their total debt, may apply for Debt Review in South Africa. The consumer now needs
debt help. New negotiations will then take place and new terms and conditions will then be proposed to the
creditor in order to provide the client with debt help. Do not wait for a summons from a creditor because it is then
difficult for Debt Counselling to negotiate on your behalf. The creditor does not have to accept the
proposal from the debt counsellor in these cases.
How do I apply for Debt Counselling?
For clients to be eligible for Debt Review they require a Debt Counsellor to formally review their finances
and declare that they are over-indebted and require debt help. This is determined by taking all the financial
circumstances into account and then discover that the client is unable to redeem his debt. Debt Counselling
South Africa will help you step by step to complete the application form.
