While not many of us like to talk about if, a significant number
of us struggle with debt. The reasons vary, whether it is from
overspending or because of circumstances, like unforeseen retrenchment
that no provision has been made for. Not having the necessary funds
available to meet your responsibilities can be not only stressful,
but also a potential threat to the standard of living for the foreseeable
future. Often this seems like a situation with no outcome, and
the individual in question might very well feel like simply surrendering
to the situation and giving up. Before you reach this stage, realise
that you can find a solution through professional debt
consolidation services.
Assistance of this nature can be obtained from ClearDebt Financial
Services. We offer people who are over-indebted a way to negotiate
a more affordable repayment plan with their creditors. Individuals
who approach us for debt consolidation services will
be put under debt review where we assess their financial status.
We then act as mediator between them and their creditors. While
under debt review, creditors cannot instigate legal action regarding
the outstanding monies against the individual in question.
Once we enter into negotiations on behalf of an individual, all
his or her credit and store cards have to be destroyed. They may
not enter into any credit agreements or use any credit facilities
while under debt review. Direct payment towards the creditors will
stop, and a reduced monthly payment will be made towards the National
Payment Distribution Agency (NPDA) appointed by the National Credit
Regulator. The NPDA will then distribute payments amongst the creditors
in accordance with ClearDebt’s proposal.
If you are struggling with your debt, feel free to contact
ClearDebt. It is our aim to help people take
back control of their financial situation and become independent
again. While debt consolidation services provide
very effective solution in many cases, we realise that it
will not be suitable for everyone, as everyone's situation
is unique. For this reason we have a team of professionals
who find innovative and effective solutions for our clients
every day.
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