Author: Zelda Erasmus

Debt Counselling to Restructure Debt? Debt Counsellor Responds – Yes, debt counselling can restructure debt. In South Africa, debt counselling to restructure debt is a formal legal process that allows a consumer who is over-indebted to negotiate with their creditors to reduce their debt repayments and restructure their debt. This can involve a number of things, such as: Reducing the interest rates on your debt. Extending the repayment period for your debt. Paying a more affordable combined installment for all debt. Consolidating your debt into one monthly payment. So we ask again…Debt Counselling to Restructure Debt? Debt Counsellor Responds: The debt counsellor in George, Control Debt https://controldebt.co.za/about-control-debt/, can restructure debt… Read More

Here are tips on How to get Free of Debt in South Africa through debt counselling: Create a budget and stick to it. This is the most important step in getting out of debt. Track your income and expenses so you know where your money is going each month. Then, make adjustments to ensure that your spending doesn’t exceed your income. Get debt counselling.  If you’re struggling to make your monthly payments, debt counselling can help. A debt counsellor will negotiate with your creditors on your behalf to get you a more affordable repayment plan.  Consider debt review. If you’re unable to pay off your debt through yourself, you may want to consider… Read More

Remember, you’re not alone in Debt. Millions of women struggle with debt and are over-indebted. But there is help available from a debt counsellor in George who give debt advice for Women. With hard work and determination, you can get out of debt and achieve your financial goals. Here is some debt advice for women from a Debt Counsellor in George Create a budget and track your spending. This is the first step to getting a handle on your debt. Once you know where your money is going, you can start to make changes. Pay off your high-interest debt first. This will save you money in the long run. Consider restructuring your… Read More

Debt Counsellors in George – Advice herein for over-indebted consumers: Make a list of all your debts. This includes the amount you owe, the interest rate, and the monthly payment. Contact a registered debt counsellor and let them do a debt assessment here https://controldebt.co.za/enquire-debt-review/ Create a budget with your debt counsellor that is affordable and attainable for you to pay. This will help you track your income and expenses so you can see how much you can afford to repay each month. Cut back on your expenses. This may mean making some lifestyle changes, such as eating out less or canceling unnecessary subscriptions. Let the debt counsellor negotiate with your creditors. The debt counsellors… Read More

The Debt Review process  explained by a Debt Counsellor in George. The Debt review process is a legal route that helps consumers who are over-indebted to get back on their feet financially. It is a way to restructure your debt so that you can afford to repay it. You can do a FREE DEBT ASSESSMENT by following this link: https://controldebt.co.za/enquire-debt-review/ The debt review process in South Africa is as follows: You contact a registered debt counsellor and provide them with your financial information. Your pay slip, monthly expenses etc. The debt counsellor assesses your financial situation and determines if you are eligible for debt review. If you are eligible, the debt… Read More

The benefits of debt counselling are listed here: Reduced monthly payments: Debt counsellors can negotiate with your creditors to get lower interest rates and monthly payments, which can make your debt more manageable. Protection from creditors: Once you are in debt counselling, your creditors are legally prohibited from taking any legal action against you, such as garnishing your wages or taking your property. Improved credit score: Once you have successfully completed debt counselling, your credit score will improve. This will make it easier for you to get loans and credit cards in the future. A debt counsellor such as Control Debt in George is a financial professional who helps people who are struggling… Read More

Debt counselling with a Debt Counsellor can help you to: Reduce your monthly payments: Debt counsellors can negotiate with your creditors to reduce your monthly payments to an amount that you can afford. This can free up some of your cash flow so that you can start to get back on your feet financially. Protect your assets: While you are under debt counselling, your creditors are not allowed to take legal action against you to collect your debts. This means that your home and car are protected from being repossessed. Clear your credit record: Once you have completed the debt counselling process, your creditors are required to remove the negative information from your… Read More

You can read here how to apply for debt counselling in George and educate yourself on the benefits of debt counselling. In South Africa, debt counselling is a legal process that allows over-indebted consumers to restructure their debts and get back on their feet financially. To be eligible for debt counselling, you must meet the following criteria: You must be a South African citizen or permanent resident. You must have at least two unsecured debts that you are unable to repay. Your total unsecured debt must be at least R50,000. You must be able to afford to make a monthly payment of at least 30% of your disposable income towards… Read More

Debt counselling in George is a process where a qualified debt counsellor like Control Debt, negotiates with your creditors on your behalf to get lower interest rates and reduced monthly instalments. This can make your debt more manageable and help you get out of debt faster. Here are some of the benefits of debt counselling in George: Reduced monthly payments. Debt counselling can help you reduce your monthly payments by paying a more affordable combined payment for all debt. This can make it easier to afford your payments and free up more money for your other expenses. Lower interest rates – Your debt counsellor Control Debt can negotiate lower interest rates… Read More