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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