Credit Counselling Services

Range of Credit Counselling Services

Credit counselling services are valuable to the over indebted individual who has a monthly income. Normally credit counselling services as offered by us include:

• Notification to creditors that the individual is under debt review, and can thus not be legally persecuted for debt included in the debt review, as long as the individual pays the one monthly instalment to cover all the debts included.
• Handling of the application process and negotiation with the creditors for a reduced amount or lower interest rates.
• Handling Tribunal and Court appearances on behalf of the individual.
• Developing a new monthly budget for the individual that is acceptable to the creditors and the individual.
• Providing advice regarding the structuring of debt and avoiding further debt.
• Overseeing the monthly payment of the individual and distribution of the amounts to the various creditors.
• Providing a debt clearance certificate to the individual once the outstanding debt has been paid.

From the above information it becomes clear than many benefits are included for the individual making use of credit counselling services. A court can order a consumer to be placed under debt review or the consumer can do so voluntarily. It is not the same as being placed under administration or filing for bankruptcy. None of the assets of the individual will be taken or used as security. The individual must be employed or self employed with proof of monthly income, must have a physical address, and debt must be in the person’s name. A couple married in community of property must both apply for debt review whereas in the case of a couple married out of community, only one of the partners will apply for debt review.

For more information on our credit counselling services view our FAQ section and contact us for immediate assistance.

Credit Counselling Services

Range of Credit Counselling Services

None of us want to struggle with financial problems, but there are times when life happens and we find ourselves in a less than favourable situation. Left unattended, this will only spiral further into the red. The only way to restore your financial health is by actively working towards it. Even if you feel that your situation has become impossible to manage, you can still regain control of your financial situation through professional debt counselling through ClearDebt Financial Services. Our expert debt counsellors have the necessary knowledge and are dedicated to provide all our clients with effective solutions and help them become completely debt free.

What happens during professional debt counselling?

When you contact us for professional debt counselling, our debt counsellors will perform a thorough assessment of your financial situation. This is to enable them to provide you with a tailored solution that will address your entire debt collection. They will then sit with you to determine a solution that also takes your financial ability into account, to ensure you can pay your debt while still maintaining an acceptable lifestyle. Through professional debt counselling, you also have the opportunity to have your instalments renegotiated to ensure you can afford the payments.

If deemed necessary during professional debt counselling and if you qualify, you will be put under debt review. During this period we will negotiate one single payment from you, which will be distributed on your behalf to all your creditors. While under debt review your creditors will not be able to take legal action against you in connection with your debt.

The professional debt counselling offered by ClearDebt Financial Services is specifically focussed on solving your debt problems completely. This does not only mean helping you repay your debt completely, but also help you restore your credit record is necessary. We offer free advice and consultation, and help you regain financial control with a personalised solution.

To find out how you can benefit from our professional debt counselling, contact usat ClearDebt Financial Services.