THE SIGNIFICANT IMPACT THAT DEBT REVIEW CAN HAVE ON YOU
In the current economic conditions, with high fuel and food costs, record inflation and high interest rates, financial stress has certainly become a wide-spread phenomenon in the South Africa.
Many thousands of South Africans are heavily in debt, few manage to save on a regular basis and unfortunately when people struggle to keep their heads up, they stop their policies, cant pay their short term insurance, medical aid etc.
Debt Counselling can assist you to make informative decision to manage and deal with your financial problems or stress effectively and confidentially.
What are the benefits of Debt Counselling for you and why should you consider debt review?
- The National Credit Regulator (NCR) has made provision by means of the Credit Act 34 of 2005 and specifically Debt Review to assist people. In short this means that it is no longer necessary for you, who are experiencing financial difficulty, to lose your assets, stop policies, stop your insurance, to be sequestrated or to be listed as a non payer at the ITC. In fact, you can increase your monthly cash flow through an NCR Registered Debt Counsellor who will negotiate more lenient monthly instalments with your credit providers as well as in some cases a lower interest rate as well. With this extra money available you will be able to pay your policies and insurance.
- The Debt Counsellor will work out a payment plan after negotiations with the credit providers and provide you at all times with the advantages and disadvantages of the options you have in order to settle your debt.
- You will need no extra money for fees, as the fees are included in the payment plan and will be discussed when a you apply for debt review
- Your cash flow increases, thus providing for your basic living expenses, which include your medical aid, insurance, policies etc.
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FAX: 086 602 0543