Get debt help at Consumer Assist

Have you become over-indebted? Then you need debt help. Consumer Assist has a team of professional debt counsellors to assist over-indebted consumers with debt help in the form of debt plans that aim to help consumers pay off their debt and become debt-free again.

Debt plans may take several forms, but mostly they follow these steps:

• Consumers apply for debt review, whereby they request that their financial position is evaluated to determine whether they are over-indebted and qualify for debt counselling. A consumer’s creditors and the credit bureaus are informed of the debt review process.
• If the consumer is over-indebted, the debt counselling process is started, of which the creditors and credit bureaus are informed. The consumer’s accounts are frozen and creditors cannot take legal action against the consumer for a period of two months.
• The debt counsellor negotiates with the consumer’s creditors and banks to restructure the Debt. The consumer still remains liable for all his debt and must repay it under the debt plan’s terms.
• The consumer does not have access to additional credit.
• The consumer becomes debt-free in as little as three years, depending on the extent of the initial debt problem.

Do not wait until you are over-indebted or have a bad credit record before you get debt help. Let Consumer Assist help you with a debt plan to manage your debt. Consumers with bad credit records find it very difficult to get credit and when they do, the interest rates are very high. It is just not worth it, so contact us today and get help.

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Consumer Assist has professional debt counselors

The team of professional debt counselors at Consumer Assist is trained to help over-indebted consumers manage and regain control of their debt. The National Credit Act (NCA) of 2007 has made provision for the debt counseling process and debt counselors have significant negotiating powers by law.

A debt counselor does not help consumers avoid their debt obligations, but many consumers are under this impression. This has been proven by the number of consumers who cease to repay their debts the moment they had been put under debt counseling. Debt counseling merely means that a debt counselor helps the embattled consumer restructure his debt to enable him to pay it off more easily; it is not a payment holiday. The debt counselor would review a consumer’s financial position upon the consumer’s request and decide whether the consumer is over-indebted or not. Upon the decision that the consumer is unable to meet his debt repayment obligations, the debt counseling process may start.

The debt counselor would then negotiate with the consumer’s creditors and banks to restructure the debt. Interest may be further reduced by lenient creditors or banks that are willing to assist the consumer in repaying his debts. The debt counselor makes all these arrangements and handles the negotiations on behalf of the consumer.

Let Consumer Assist’s professional debt counselors assist you with your debt counseling process today. Contact us to find out how to start the process.

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Come for debt counselling at Consumer Assist

Many people fear debt counselling unnecessarily. The economic climate is very tough at the moment and many people have fallen on hard times and are in need of debt counselling to recover. It is not a shame or a disgrace; it is making use of professional help that can save you financially, especially provided for in the National Credit Act (NCA). Consumer Assist can help you get out of debt.

The debt counselling process normally starts with a debt review. Consumers who believe that they had become over-indebted (unable to meet their monthly debt obligations) can apply for debt review. During this process, debt counsellors review the consumer’s financial situation to determine how big the financial trouble has become. If the debt counsellor agrees that the client would not be able to meet all expected monthly debt obligations, the consumer qualifies for the full debt counselling process.

During this process, the consumer’s accounts are frozen and access to further credit is denied. All creditors and the credit bureaus are also informed that the consumer is under debt counselling and creditors cannot pursue further legal action for a period of two months. The debt counsellor negotiates with creditors and banks to restructure the debt to enable the consumer to pay off his debt, while retaining sufficient cash flow to meet his monthly living costs.

Debt counselling has become the only solution for many over-indebted consumers. If you feel that you have accumulated too much debt and you do not know where to find a solution, contact Consumer Assist today so that we can evaluate your position and help you become debt-free.

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Repay your bank loans with Consumer Assist

Consumer Assist does exactly what our name implies. We assist consumers with the management and repayment of their debts, like store accounts and bank loans. The debt counselling process came into being as part of the provisions made by the National Credit Act (NCA) and was meant as protection for consumers. Previously, reckless lenders could lend money to consumers who could not really afford the credit and then use any means allowable by law to collect those debts.

However, the NCA has put in place strict lending criteria. Finance institutions can be heavily fined for extending reckless credit and over-indebted consumers may obtain help far more easily. A Consumer Assist debt counsellor may take charge or a consumer’s debt situation and the consumer is protected from legal action for a minimum of two months while a debt counselling procedure is in process. This affords the consumer an opportunity to restructure his multiple debts, which may consist of car repayments, the mortgage, bank loans, store accounts and often many more.

A debt counsellor may arrange that the consumer’s multiple debts are consolidated into one bigger loan with a much lower interest rate. The new loan may be structured at an interest rate and repayment period that will enable the consumer to manage the monthly repayments much more easily, while still having sufficient cash flow to meet his monthly living costs. The consumer may be out of debt within a few years, but Consumer Assist also suggests consumers attend their financial fitness training course to stay financially healthy in future.

Contact Consumer Assist today with help to gain your financial independence again and break free from the prohibitive costs of servicing your bank loans and excessive debts.

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According to the National Credit Act, Section 73, certain rules and legislation regarding outstanding debt have changed as from 1 June 2007. Consumers who want to dispute any information that appears on the credit bureaux can enlist the services of the Credit Information Ombud free of charge. Outstanding debt is simply money owed that has not been paid yet. Debt that remains outstanding usually leads to an indebted consumer being reported to the credit bureaus, putting a stop to the consumer’s ability to obtain credit.

Insurance policies are available against outstanding debt at the time of your death. In such cases, the insurance policy will pay outstanding debt on, for example, your house or your car, in full to the loan provider. This is especially useful if you do not want to leave your family and loved ones behind with your outstanding debt. Similar insurance policies pay your outstanding debt if you were to become disabled as well.

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