A Consumer is considered to be over indebted if the money available after payment of essential living expenses is not enough to pay all other debt and may need the services of a debt counsellor
Herewith some indicators of over-indebtedness
A consumer is over-indebted when he/she cannot service all his/her debts in a timely manner as agreed in the credit agreements;
You use your credit card and overdraft facilities to pay debts;
You take out a loan to pay a loan;
You ask family and friends for loans
You are avoiding the recovery agent who is trying to arrange the voluntary surrender of your vehicle
You are in arrears with your child’s Statutory School Fees and/or private College Fees
Your staff continually ask you for loans or wage/salary advances
You skip payments on some accounts in order to pay others because you cannot keep up;
You cannot pay your bills at the end of the month;
You receive letters and summons from creditors and /or lawyers;
You receive sms and calls from Collection Agents
You can’t get any more new loans.
You can no longer afford private school for a child.
Reduce your debt repayments
Avoid legal action (unless you have waited to long but we may still be able to include these accounts)
Avoid being blacklisted
Make affordable monthly repayments
Avoid losing your home or car or
We facilitate the dignified voluntary surrender of your vehicle back to the Credit Provider for auction or resale.
Deal with credit providers for you
Take home more of your salary for essential living costs
Guaranteed results if you meet the required criteria.
We Specialise In
Debt Mediation, Debt Counselling / Review
Budget drafting & Analysis of all your Debts
Rescission of Administration Orders
Your Debt Counsellor is your partner in your journey to financial freedom
Our role is to facilitate this process with all your credit providers and with the credit bureaus.
As debt counsellors we have an excellent relationship with the Credit Industry which allows for a more streamline negotiating and restructuring process.
You will be kept updated of progress vis sms and email.
We stay updated on all industry developments
IMPORTANT – OBTAIN YOUR FREE ANNUAL CREDIT REPORT BEFORE WE MEET
We suggest you also immediately obtain your annual FREE credit bureau report from a Credit bureau called XDS telephonically on 011 645 9100 or call their call center on 086 093 7000 and ask for Credit Reports as this is the fastest method. They will ask you a few security questions to confirm your identity, addresses etc and you must have your current cell phone with you as they SMS you a security pin number to give back to the telephone operator who will then release the report to you. They will then email it to you. Please check it, then forward it to ourselves at firstname.lastname@example.org for our files and our desk review. It can take only about 30 minutes for the email to be sent to you. We then arrange an appointment and discuss your options & our plan for you going forward.