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Media Info
 Man saves R1,2m using debt counselling & cuts 92 months off repayments
27 April 2009
Imagine cutting R1,2m off your debt? Andre Snyman, managing director of Consumer Assist one of South Africa's largest debt counselling organisations had a client who "was over-indebted and owed R3 004 985, including his bond.
He was paying off R24 400 a month but the interest over the 240 months of the debt was going to amount to R2 783 466 alone.
In other words over 20 years, he would pay out R5 788 451.
FOR FURTHER INFORMATION www.consumerassist.co.za 0861 21 22 23 debt counselling call centre
Andre Snyman - CEO - Consumer Assist
aurelia.espag@consumerassist.co.za / 011 654 6018 (Languages: English, Afrikaans)
Source: Eye Witness News (Primedia)
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