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if you
don't act you may face
LOOSING
EVERYTHING
Debt Counselling is a Government regulated service and is
the solution for over-indebted consumers. Should you be
unable to meet your monthly financial commitments under
credit agreements on a monthly basis, you may formally apply
to a Debt Counsellor for debt review. This process is fully
backed by the National Credit Regulator and is in line with
the National Credit Act. The debt review process is binding
on your creditors and they cannot institute legal action
against you during this period.
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Purpose of a Debt Counsellor:
To Assist consumers who are
experiencing difficulties meeting their financial
commitments at the end of a month. We can:
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act as a mediator between
yourself and your credit providers |
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negotiate reduced interest, fees and extended payment terms
on your existing accounts and loans |
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facilitate debt repayment terms with credit providers |
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resolve everyday
credit problems |
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advise you on how to budget and avoid becoming
over-indebted |
How can you benefit from
this service:
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have
affordable payments |
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no legal action by
credit providers |
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no further debt
until debts have been paid up |
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learn how to budget
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no more sleepless
nights |
With debt review you can
reduce your monthly instalments, put money back in your
pocket and improve your quality of life.
The purpose of the NCA is
to regulate credit and aims, amongst others, to:
Protect consumers from becoming over-indebted;
Prevent dubious lending practices;
Make sure that credit is extended by lenders in a
transparent and responsible manner;
Ensure that the rights of consumers are safeguarded.
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