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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