10 Step Plan for Debt Consolidation
10 Step Plan
The National Credit Act formally introduced Debt Counsellors to assist over-indebted consumers with their Debt Review. The goal of debt review is to develop a repayment plan which is affordable to you as well as acceptable to all your credit providers and avoid having to go under administration which is a much more lengthy and costly exercise.
The Benefits of Debt Review:
- A client pays one affordable monthly installment to a payment distribution agency (PDA);
- If the client feels that he/she does not want to be under debt review any longer, they get unflagged, where after they are not;
- It helps clients to have sufficient funds for living expenses;
- Clients do not have to communicate directly with your Credit providers. Your debt counsellor will do it for you;
- If you not already listed, the NCA protects you from being blacklisted or legally pursued.;
- Installment amounts may be reduced;
- Repayment periods may be extended
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017
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Oct 3, 2017