Here are tips on How to get Free of Debt in South Africa through debt counselling:
  1. 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.
  2. Get debt counselling. 
  3. 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. 
  4. Consider debt review. If you’re unable to pay off your debt through yourself, you may want to consider debt review to formally pay of debt in a structured process. This is a legal process to get free of debt in South Africa.
  5. Make extra payments whenever possible. If you can afford to make extra payments on your debt, do it! This will help you pay off your debt faster and save you money on interest.
  6. Avoid using credit cards. Credit cards are a major source of debt for many people. If you can, avoid using credit cards and pay for everything in cash.
  7. Save for large purchases. Don’t finance large purchases with credit. Instead, save up for them in cash. This will help you avoid debt and build up your savings.
  8. Get help from a financial advisor. If you’re struggling to get out of debt on your own, consider getting help from a debt counsellor. They can help you create a budget, negotiate with creditors, and develop a plan to get out of debt.
Debt Counsellors George
Debt Counsellors George

You can ENQUIRE here or do a FREE DEBT ASSESSMENT https://forms.gle/726mrgoNzmPcxCmg8

It’s important to remember that getting out of debt takes time and effort. There is no quick fix. However, if you follow these tips, you can eventually get free of debt and achieve financial freedom.

Here are some additional tips that may help you get out of debt in South Africa:
  • Debt Counsellors will Negotiate with your creditors. If you’re struggling to make your monthly payments, debt counsellors will contact your creditors and see if they’re willing to negotiate a lower interest rate or repayment plan.
  • Get a part-time job. If you need to make extra money to pay off your debt, consider getting a part-time job. This will help you increase your income and make more progress on your debt repayment.
  • Sell unwanted items. If you have any unwanted items, sell them to make some extra money. This could be anything from clothes and furniture to electronics and appliances.
  • Cut back on your expenses. Take a close look at your expenses and see where you can cut back. This could mean eating out less, canceling unnecessary subscriptions, or taking public transportation instead of driving.
  • Get help from a debt relief company.
  • There are a number of debt counselling companies in South Africa that can help you get out of debt.

    CONTROL DEBT is a NCR Registered Debt Counsellor in George.


    Contact them here:

    :https://controldebt.co.za/enquire-debt-review/

    These companies typically charge a fee, but they can negotiate with your creditors on your behalf and get you a more affordable repayment plan. It’s important to remember that getting out of debt is a journey, not a destination. There will be ups and downs along the way, but if you stay focused and committed, you will eventually reach your goal.
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