Today we are going to be looking at debt counselling in more detail and helping people to understand what it is about and how to apply online. Debt counselling
was introduced through the National Credit Act (NCA) and has helped so many people since its introduction.
The last estimate we could find was that 878 827 people are currently under debt counselling
and this number is growing monthly.
With the current economic climate, more and more people are struggling to repay their debts and due to this fact, it is understandable that debt counselling is a necessity for many people in debt.
One very important fact to remember is that, not everyone will qualify for debt counselling
. You have to really be in debt and not be able to repay your instalments and this will be determined by the debt counsellor.
The best advice is to apply and to find out if you are eligible for debt counselling and if the findings are that you are not over indebted, you will unfortunately not be eligible for debt counselling.
There are quite a few fees involved and our best advice is to find out exactly how much you will have to pay and how this will affect you with your current debt and monthly instalments. Another important factor to remember is that you will not be able to apply for credit or a loan once under debt counselling, unless it's for a consolidation loan.
Please contact us if you need immediate assistance on:
Debt Review Administrator
Office Tel: 021 988 0285
Direct Email: email@example.com