Debt Review in the Western Cape increased rapidly due to the smaller towns & communities growing and recent increases seen in population numbers. There is not enough employment for everyone in these small towns. People need to settle for any work available and sometimes very low salaries.
How do the increase in population make a difference in debt counselling statistics?
Debt Review applications are significantlty higher each year in the smaller towns like Mosselbay, George, Great Brak river & Hartenbos. The smaller towns are seen to be the best vacation destinations but with less income. Now when more people move to these holiday towns it has an impact on everything for living cost to housing needs. Where there are more people living in a certain area there are less housing available which means the housing prices increase. The increase in housing prices has a impact on each consumers budget since they don’t earn high salaries.
Increase population stimulates a Increase in debt review applications
As soon as the population increases all the living expenses increase for everyone. They have overpriced housing and living expenses they can’t afford. This results to more applications for debt counselling in Mosselbay, George, Hartenbos and even Great Brak river. The process does not solve the problem of housing or employment but it helps the consumer to afford it.
How does Debt Review help you?
The debt counsellor in George reduces your monthly installments on your debt by negotiating with credit providers. When reducing your installments it allows you to be able to pay the living expenses. Uunfortunately the increase in expenses are not the same as the increases in income. Their is only two ways to make your budget balance.
- Increase your income or reduce your expenses.
- Debt review can help you to reduce your expenses in such way that you will be able to pay your accounts and have enough for your rent, transport & other living expenses.
Contact a Registered Debt counsellor.
Each Debt Counsellor is qualified & registered if they have a registration number. We aim to evaluate each applicant individually to provide a payment plan that will give instant relief.
Contact us today or do our online assessment today info@controldebt.co.za or visit our Facebook Page if you have questions https://www.facebook.com/controldebt/