For more information, visit our website https://geldfiksheid.co.za/
Telephone : 087 655 0510
Email: martin@geldfiksheid.co.za
Debt counseling is a regulated process whereby a Debt Counselor negotiates, on your behalf, with all your creditors, to have the term of each credit agreement extended and the installments reduced. Your Debt Counselor may also appeal to your creditors to reduce the interest rate/s on your credit agreements so that you can afford to pay off all your debt as soon as possible.
Since 2007 when debt counseling was introduced by the National Credit act (NCA) about 402 000 consumers have applied for debt counseling, over R10 billion has been paid to credit providers by consumers in debt counseling, and every month about R255 million is collected from consumers in counseling and paid over to their creditors. It is estimated that 110 000 consumers are in debt counseling.
The DCC is designed to provide over-indebted consumers with an alternative to the traditional remedies for defaulting on your debt: administration and sequestration. It is our heart of debt counseling to rehabilitate and empower the over-indebted consumer.
Our process includes protecting you from harassment from your creditors and the loss of crucial assets. Unlike sequestration whereby you must apply to a high court for a rehabilitation order, you can be rehabilitated as soon as the debt counseling process is terminated – with no negative listing remaining on your credit record.
The Video and Information is the property and copyright of its rightful owner.
Copyright under the Copyright Act 98 of 1978, the Companies Act, 2008 No 71 of 2008 and the Intellectual Property Act.
http://www.cipc.co.za
No allowance is made for “Fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, or research.
Sometime life happens and we need help with our personal finances