Have you heard about debt review in Cape Town? Also known as debt counselling, it is a debt solution targeted at South African consumers who are over indebted and struggling to manage their finances. You may have too many debts. Are you struggling to make ends meet? Signs that you are over-indebted include using your credit card for your monthly living expenses like rent, buying food and transport. You might find that you are unable to meet your monthly obligations with your monthly salary and borrow yet more money, creating an endless and overwhelming spiral of debt.
Speak to One Debt
Speak to a One Debt consultant if you think debt review in Cape Town can help you manage your debt. As a financial services company with more than 20 years of experience, they can assist you manage your debt correctly and professionally.
A debt counsellor will assess your outstanding debt and create a restructured debt repayment plan. This will include renegotiating interest rates with credit providers in order to reduce them, as well extending the debt repayment terms. A new affordable monthly budget and payment plan will be drawn up, which will then provide you with the correct guidelines and means to live off.
Debt review is the first step in managing your debt
The debt counsellor will provide each of your credit providers with a proposal outlining your agreed budget, the number of creditors included and a repayment plan for each credit provider. You will then have one monthly debt where you are expected to make the agreed monthly payment each month to the Payment Distribution Agency for the length of the debt review. This reduces the stress of having to keep up to date and on top of multiple debt repayments.
Take the first step in creating a debt free life, and speak to One Debt about debt review in Cape Town.