When you are in debt, you could be using a large portion of your salary to pay off your debt. This could leave you with little to meet your daily living expenses. It could also make it impossible to save for the future. Being able to afford your child’s education, especially university or college, could be just a pipe dream. It may seem impossible that you will ever be able to retire, as you cannot even meet your current needs. If you find you are sinking deeper into debt with every passing month, it is time to take action to turn the situation around.
How can you get out of debt so you can save?
The National Credit Act introduced a programme of Debt Review managed by Debt Counsellors. The purpose of the programme is to consolidate your debt and develop a repayment plan that is affordable. This means that your monthly installments could be reduced, and your repayment period could be lengthened. It helps you to have enough to meet your daily living expenses. When you are in Debt Review you cannot be black listed and your possessions cannot be repossessed. There are many advantages to Debt Review. It can help you avoid going under administration; you don’t have to deal with your creditors directly; and if your circumstances change you can easily leave the programme. If you would like to access Debt Review, choose One Debt. We have been in the financial services industry for more than 20 years and we have the experience and expertise to help. We understand how stressful it is to be overwhelmed by debt. You will find us to be empathetic and caring, and we will go the extra mile to assist you.
How will One Debt Help?
To access Debt Review with One Debt contact us today. It is necessary to provide certain documentation and complete an application form. Once this has been done, one of our consultants can begin the process. Your debt will be consolidated into a single amount. He or she will agree an affordable repayment plan with your creditors and each month you will pay an affordable instalment. Once you are debt free you will once again be able to save for your future.