Important Things to Know about Debt Counselling
Garden Route Debt Counsellors
Struggling to repay your monthly installments to your creditors? You might qualify for debt counselling, a legal process where a registered debt counsellor assists you by negotiating with your creditors for lower instalments and interest rates. Debt counselling helps you pay off your debt and prevents legal action or losing your assets.
Important Things to Know before applying
- You will have to qualify for debt counselling, this means you will have to be over-indebted and not be able to afford your repayments.
- You have to have an income. When under debt counselling you will have a make monthly repayment as negotiated by your debt counsellor.
- Your debt counsellor will draw up a payment plan allocating money to your living expenses and debt.
- While under debt counselling, you cannot take on any debt.
Take the first step in getting ahead of your debt, contact your local debt counsellor, Lee from Garden Route Debt Counsellors to discuss how she can help you! Garden Route Debt Counsellors are registered with the NCR.Important Things to Know about Debt Counselling first appeared on Lalakoi Publishing Network.