Debt Counselling
13 Benefits of Debt Counselling or Debt Review.
1. All of your debt repayments will be consolidated into one reduced monthly repayment plan.
The great thing about debt counselling is that instead of paying numerous accounts, which you can easily lose track of, The National Debt Review Center will work out an amount that covers all of your repayments.
This includes all your legal fees and debt review costs, with lower interest rates.
2. Your assets, including your home and car, will be protected from repossession.
If you’re fearing that your home and car will be repossessed because you’re in too deep, you’re not alone. Debt counselling will protect your assets from being repossessed as a result of defaulting on repayments.
3. You will no longer get calls from your creditors demanding payment.
Once placed under debt review, you will no longer be at risk of getting deeper into debt.
The National Credit Regulator will flag your credit profile, barring you from taking out more credit. This flag will be removed from your credit profile once you have settled all your debt.
4. You do not pay any money upfront.
Alarm bells should go off if the Debt Counsellor makes such a request. Asking for money upfront is not part of the Debt Review process and indicates that the Debt Review company is untrustworthy.
All Debt Review fees are strictly prescribed by the Nation Credit Regulator (NCR) and are pretty much the same for all South African Debt Counsellors.
There are no up-front fees because the fee structure is created in such a way that all the fees form part of your reduced monthly repayment plan. Each client’s fee will differ because it is worked out as a percentage of the monthly debt you owe.
5. There is no permanent record of having undergone debt counselling.
6. There is only one monthly repayment to be made.
7. Your budget will meet your basic needs first before provision is made for debts.
8. You will never pay more money than you can reasonably afford.
9. A debt counsellor will suggest ways of cutting costs and saving money.
10. Gives you Peace of Mind that your debt is being paid.
11. Help You Live Comfortably with all living expenses covered.
12. Help You Reach Your Goal of settling the debt.
13. Helps you Change your financial spending behaviour.
In light of this, always be sure to contact The National Debt Review Center here or at info@ndrc.org.za as soon as you begin to struggle with your payments, so that all of your instalments can be reduced immediately.
Contact us here – https://ndrc.org.za/contact
Article – https://ndrc.org.za/what-are-the-benefits-of-debt-review
This is PART 1 of our informative video series on things you need to know about Debt Counselling or Debt Review as a relief measure to curb the scourge of over-indebtedness. In this video we define the terms “Over-indebted” and “Reckless credit or Reckless lending”.
Remember to watch our upcoming video series on Debt Counselling/Review to stay informed on how the process works as well as some of its pros and cons. We would like to hear from you.
Cheers!
Looking for Debt Counsellors or Debt Review Specialists?
Look no further…
Meet, Emily
Please remember to subscribe to our channel and comment below.
Visit www.ndrc.org.za for more info or send us a WhatsApp to 0727703674
Email: info@ndrc.org.za
Tell: 0878221249
Tell: 0411011037
The Golden Rules of Debt Counselling (JN)
Good Hope Debt Relieve provide professional debt counselling services in Cape Town:
Relieve you of your debt by negotiating better terms with your creditors
Lower your monthly debt payments by up to 50%
Save you money
Solve your debt problems
Free advice and consultations
Avoid extra cost and stress
Protect your assets such as your home or vehicle
Avoid legal action from your creditors
For more information, please visit www.ghdebtrelief.co.za
Debt counseling brings benefits that can affect your whole life. It can help you management your debts and educate you how utilize the money: like how to budget, control on spending and dreams in life.
Reduce your debt repayments to an amount you can actually afford. Make sure you have a reasonable budget for your essential expenses such as food and transport. Protect your assets from legal action. Contact National Debt Counsellors today!
#StressFreeWithNDC #NDC #Sponsored
What you can expect from your budget and debt counseling session with Money Management International.
Is debt taking control of your life? Do you have trouble paying your bills? Well help you reduce your monthly payments, lower or eliminate interest charges and stop those stressful collection calls. We are a Canadian non-profit service, and we can help.
