“Where can I find Debt Counselling” is a question I get asked more and more these days. The National Credit Regulator or NCR has made it possible for people like You and me to be protected. There is absolutely no reason why you wouldn’t want to be protected and receive Debt Counselling now.
How did I get here? It’s simple. A few years ago You were able to get credit at the drop of a hat. Lending institutions found no reason not to lend you money. You decided to build your property portfolio or buy the car you wanted or even splash out on some new furniture and then, all of a sudden the markets crashed, interest rates went up and before you new it you couldn’t sustain your debt. It’s not your fault and again, thank goodness for Debt Relief Counselling.
The process! Usually, 5 days after your application has been submitted you are protected against legal action from you creditors although the whole process can take up to 60 days. From that point on your debt counsellor will negotiate everything with your creditors. What a relief!
Questions you might ask:
Do I qualify for Debt Counselling? If you combine you monthly living expenses and your monthly creditor payments and it ends up been higher than your combined monthly household income then you qualify.
What do Debt Counsellors charge? The initiation fee is R50 then the further charges are in accordance with the National Credit Regulator.
What is the duty of debt counsellors? They restructure your finances so that you meet both your basic living expenses as well as your monthly debt repayments.
What Debts qualify for inclusion in your Debt Counselling Review? All credit agreements as long as they have no judgements.
Here is one of the better places to find debt counselling.
Get in touch with us now by using our easy contact page.