Why Consumers in George choose Debt Counselling?
Why do consumers in George rather choose Debt Counselling over consolidation Loans? This is a question most consumers in George in the Garden Route ask. Hence here is the difference:
What is Consolidation loans ? To make a loan to the value of your Debt!
If you have R100,000.00 Debt, the institution give you a loan of R100,000.00 to pay your accounts and have one account to pay back. The problem with this way of consolidating your debt is that the responsibility to pay the debt is given back to the consumer.
Don’t take out more loans to pay Debt
Most consumers take this as the first step, not realizing that they are only making a further loan and not consolidating debt. The consumer has no protection against creditors phoning for payment. The creditors certainly, therefore, want the original instalment & interest as per credit agreement.
Debt Counselling has the same ingredients but with the right recipe.
Is Debt Counselling a choice for consumers in George? Debt counselling, in contrast, help consumers living in George get out of debt. Debt Counselling takes all your Debt and calculate one instalment to pay back.
Why not take out another loan?
No loan that creditors give to the consumer pays a lower instalment with lower interest. Instead of paying another loan rather pay one instalment. This one payment is distributed directly to your creditors. Consumers in George receive legal protection against creditors taking action.
Will my funds be safe?
The responsibility of paying the creditors gets taken from the consumer. The consumer’s payment is made to a Payment distribution agency. The payment distribution agency www.dcpartner.co.za will provide statements and send out each month. They receive the one reduced instalment from consumers and distribute payments to all creditors. This they agree with the Debt Counsellor. Debt Review hence is a process that will help consumers to pay back debt comfortably and securely.
Get your Free assessment done by a Registered Debt Counsellor.
https://controldebt.co.za/enquire
Call/SMS/WHATSAPP 082 369 2651 / info@controldebt.co.za