Consumer Credit Counselling For A Debt Free Future
Far too often one will hear stories about people who were declared
bankrupt or who had their possessions repossessed. While it was
certainly the responsibility of these individuals to pay their
debts, one has to wonder how many were victims of unforeseen circumstances
and what you would do if you were to find yourself in a similar
position. It is at a time like this that it is imperative to be
aware that you can make use of consumer credit counselling,
a service provided to individuals of all walks of life no matter
how much money you owe or what level of income you are earning.
One thing you will realise through consumer credit counselling is
that the law is not against you and you have options through which
you can salvage the situation. At ClearDebt we are passionate about
reducing the cost of credit and helping people become debt free.
That is why we will spend time to assess your financial situation
thoroughly before coming up with a solution that is specifically
designed around your financial needs and abilities. This might
include a simple yet effective solution as a debt consolidation
loan. Or, if you are worried that they might repossess your possessions,
you could under certain circumstances also file for a debt review.
In the case of a debt review, our counsellor that has been assigned
to you will approach all your creditors and negotiate lower instalments
and interest rates. He or she will then draw up a new repayment
plan according to your budget and submit it to the National Credit
Agency. You will then pay one monthly instalment to them, and they
will distribute it amongst your creditors. While you are under
debt review your creditors cannot take legal action against you.
If you find yourself in the unfortunate position where your debt
is staring to get out of control, turn to ClearDebt for professional
and effective consumer credit counselling. Contact
us for more information on our services and to find
out how we can help you regain control of your financial situation.
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