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Debt Review
Debt Review May Be the "Get out of Debt" Solution You've Been Looking For
There is no doubt our economy is in a low point. With multitudes of people from all walks of life losing their jobs and cost of living rising, the national debt continues to rise as well. And small debts that would have been easily manageable just a few years ago now become a ball and chain around everyday consumers
Regardless, the banks continue to try lending money to individuals who could lose their job and income at anytime leaving them unable to pay it back. Well those lenders want their money, and they are prepared to take you to court if they need to. However, thanks to the June 2007 National Credit Act, you do have a solution available that will keep both you and the creditors happy.
It's called debt review and through it, you are given a professional counsellor who takes care of all of the legal business and negotiates with the lenders for you. This help will almost always stop creditors from taking you to court because you seeking a counsellor show determination to pay them back. This saves the creditors money because they don't have to pay legal fees and you get a reduced monthly bill. It's a win/win situation.
The application process for debt review is lengthy, but as soon as we have your signed application plus supporting documents, your are covered. The application and negotiation with creditors take 60 working days. In this time you will be protected as long as you pay the amount that we worked out for you to pay each month end. Keep in mind before applying that you do have to have some kind of income to be able to apply for debt review. Your income must be enough to pay for your essential expenses each month and make your creditors an offer to cover your debt repayments.
Taking even the smallest steps to settle your debt now will do more for you than sitting around wishing for a miracle. The longer you wait to take on a debt counsellor and get yourself out of debt, the slimmer your chances are of getting out of your current situation. Debt counsellors are only good within a certain time frame and after that you're stuck to face the lenders on your own.
So stop stressing yourself out and get to applying for debt review right now. Don’t know how? We'll show you how! Just contact us right now and we'll take you through the process one step at a time.
Contact us with any questions:
Tel: 0861 100 999 (call share number. Cheaper than Telkom land line)
SMS DEBT to 31022 and we will contact you.
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