With credit being available for just about any retail offering and the cost of living that is rising faster than our income can, debt can quickly spiral out of control and become seemingly unmanageable within our budget. This can cause extreme stress. Even though you might be very well aware of your responsibilities, you might not be able to meet each one of them every month and rather decide to pay only a select few every month.
While this might buy you some time, creditors often have little compassion, demanding their money on time. The threat of legal action on their behalf obviously does not help to improve the situation at all. Before it goes this far, be aware that there are effective debt relief solutions available.
ClearDebt Financial Services can help you solve your debt problems by providing you with expert advice and consultation. We will do a thorough debt review on your financial situation in order to determine what the best debt relief solutions will be for you. If it is determined that you are unable to, or may experience difficulty in, meeting all your financial obligations, the debt counsellor may propose a debt re-arrangement plan to all credit providers. Your budget will be calculated to allow you reasonable living expenses, whilst paying your creditors an amount that is affordable to you.
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.
It is important to note that this is not the same as Administration or Debt Consolidation where your finances is put in the control of a third party. Unlike Sequestration, your assets will also not be sold off to generate funds to cover your debt. Through the debt relief solutions brought to you by ClearDebt Financial Services, you will be able to pay your debt in as short a time as possible, while also having the opportunity to restore your creditworthiness.
For more information on the debt relief solutions we offer, contact us at ClearDebt Financial Services.
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