How does Debt Counselling assist the Consumer?

  • Budgeting advise
  • Restructuring their payments
  • Negotiating with credit providers on their behalf
  • Monitoring their payments
  • Providing after care facilities

Features of Debt Counselling

  • Reduce all credit agreements (accounts ) by up to 50%
  • Reduce interest rates on all credit agreements
  • Prevent repossession of all assets
  • Legal process
  • Uncapped Debt Value
  • No negative impact on credit and imperial score
  • One fixed monthly repayment distributed by the PDA (Payment Distribution Agency)

Benefits of Debt Counselling

  • Debt Counsellors will formally review the clients finances & develop a suitable monthly budget
  • Negotiate with credit providers on their behalf.
  • Enable clients to make monthly debt repayments
  • Relieves clients from creditors hassling for money
  • Maps out the path for reducing bad debt and becoming debt free
  • Decreases summons and judgments against clients
  • Debt Counsellors will educate clients about their financial rights and how to control their finance.
  • When a consumer falls behind on their repayments, they become not only liable for the principal debt, but also for the interest and collection fees.
  • In Duplum – limits the interest that a creditor may charge on an account in arrears. The rule holds that interests stops accumulating once the unpaid interest equals the outstanding amount.

 

Open chat