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 negotiates consolidation loans

Consumer Assist is at the service of over-indebted consumers. We can negotiate debt plans that include consolidation loans with consumers’ creditors to put them back on the path to become debt-free and financially healthy again. Consolidation loans help the consumer to regain control of their finances.

The reason for this is that multiple smaller debts are usually responsible for a consumer becoming over-indebted. Multiple small debts attract the high individual interest rates usually associated with relatively low repayment amounts. Each outstanding debt also carries its own penalties and transaction fees, all mounting until they have become an often unmanageable burden at the end of each month.

Consolidation loans consolidate all the multiple debts into one large loan with a significantly lower interest rate. In addition, banks and creditors may agree to an even lower interest rate for consumers who are under debt counselling, further reducing interest payments. Another option available to the debt counsellor is to negotiate with creditors and banks to extend the repayment period of the consolidation loan, to further reduce the total monthly repayment amount. Once the consumer is under debt counselling and once a sound consolidation loan has been put in place, he can start paying off his debts and still retain sufficient cash flow to meet his monthly living costs. It may take several years to get out of debt, but now the consumer will have an attainable goal.

Consumer Assist negotiates consolidation loans on behalf of consumers. Contact us today and start on the path back to being debt-free and towards a sound credit record.

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