Place your problems and trust safely in the hands of trusted Debt Counsellors for Debt Rescue with our innovative Debt Solutions.
Debt Solutions with Debt Free Plus, we are experienced Debt Counsellors for Debt Rescue highly skilled in addressing debt crisis. We are fully accredited with the National Credit Regulator ; and we make use of a National Payment Distribution Agency for the facilitation and management of creditor repayments. Think Debt Solutions with registered Debt Counsellors for debt rescue at Debt Free Plus
In this article we want to address Debt Solutions, Debt Counsellors, Debt Consolidation Debt Rescue and your Credit report. Debt Free Plusaim to develop solid and affordable repayment plans for our customers, which will also be acceptable to the creditors with our unique Debt Solutions. We will manage the entire process, with the best interests of our customer as our primary objective. As Debt Counsellors, for Debt Rescue Our vision is: DEBT COUNSELLING IS OUR PASSION, YOU ARE OUR PRIORITY, FOR A BETTER TOMORROW!
What is Debt Review better known as Debt Counselling, Debt Counsellors for Debt Rescue should be qualified
South African law makes it possible for someone who cannot pay all their debt each month to apply to Debt Counsellors for Debt Rescueto make an arrangement, through the court, to pay their creditors only what they can realistically afford each month. This law has been around since 2007 and is called the National Credit Act.
Debt Rescue – All Debt Counsellors for Debt Rescue have to be properly trained and are registered with the National Credit Regulator (NCR). When asked for help, Debt Counsellors for Debt Rescue will do a financial review of a consumer’s situation. Qualified Debt Counsellors For Debt Rescue help consumers reduce their monthly household expenses by looking at their budget and making savings suggestions. Debt Counsellors For Debt Rescue also consider how, after all necessary expenses have been covered, the remaining money can be used to repay their debt as fast as possible.
Most credit providers want to try to get their money back from consumers over a specific number of months and so they pressurize consumers for big repayments. The debt review process allows Debt Counsellors For Debt Rescue to propose to court that the consumer pay their creditors less each month, normally over a longer time period. The court can sometimes even order that a troubled consumer not have to pay during a limited time period (like during maternity leave) and then start to pay again later. The idea is to pay the debt, but in a more realistic and manageable manner.
Many consumers, who are under financial strain, receive endless collection calls, e-mails, sms’s and even visits from their creditors. This is very stressful and can make life very difficult. Debt Counsellors For Debt Rescue can bring a stop to all that. If consumers enter the debt review process swiftly and stick to paying what they should each month, then they can enjoy the protection of the NCA. This means that they will be less stressed and only pay what they can afford each month.
While under debt review with Debt Counsellors For Debt Rescue consumers cannot use more credit, but once they finish paying up their debts they can once again apply for credit like before, if they want. There is no lasting record of the debt review on their credit bureau records. Think Debt Rescue, Visit Debt Free Plus online calculator, supply your details and we will confiden
tially call you back
Hundreds of thousands of South African consumers have used this process, over the years, to responsibly pay off their debt. This has made it possible for them to pay their debt and yet still have enough money to support their families needs each month.
If you are under debt stress at the moment and are struggling to pay what everyone is demanding of you, rather than trying to get another loan or maxing out your credit card again this month, consider going to talk to Debt Counsellors For Debt Rescue for advice about your situation.
Debt Rescue – Are you struggling to decide which of your debts to pay at the end of this month? Are you getting collection calls and sms? Are you scared to answer calls from private numbers? well, you are not alone. Remember Debt Rescue is here!
Half of all South Africans using credit, missed a payment on their debt last month. Some haven’t paid for 3 months. That’s millions and millions of people. The simple truth is that everyone is having a hard time dealing with their debt.
The danger is that debt can crush you if you let it. It seems so easy to get into debt and yet so very difficult to get out and the threat of bad credit score, getting a summons, or the Sheriff showing up can be extremely stressful. Think Debt Rescue– That is why it is better to get help with your debt as soon as possible. No, I’m not talking about another loan you can’t really afford. You are currently in a debt hole. You can’t dig your way out of a hole. More debt just makes the existing hole deeper and that only leads to more stress. You need to get rid of your debt.
But how can you cover your necessary monthly costs, like food, electricity and transport and still pay back your debt? The good news is that there is a legal process, called debt review that can really help you get your life back on track. Debt Review has been around for years now and hundreds of thousands of people have used it to help them become debt free.
Debt Review or known as Debt Counselling is a great way to look after your day to day expenses and yet still pay off your debts each month, in a more manageable way. It can put an end to those sleepless nights and reduce your stress.
Is Debt Consolidation the answer? Rather use our Debt Solutions
Dealing with debt – with Debt Consolidation in mind?
As previously mentioned, No, I’m not talking about another loan you can’t really afford. You are currently in a debt hole. You can’t dig your way out of a hole. Debt Counsellors For Debt Rescue can help you, more debt just makes the existing hole deeper and that only leads to more stress. You need to get rid of your debt and debt consolidation is not the answer.
Credit is a wonderful thing especially when you need additional funds immediately. Debt and specifically debt consolidation can be a terrible crushing burden that can haunt you for years and years. if you are dealing with debt, then know that you are not alone. Please contact a Debt Counsellor near you
Why are so many caught in debt is it debt consolidation? Use our Debt Solutions!!
We love ‘something for nothing’ and using credit can sometimes trick us into forgetting that we eventually have to repay and that we will have to pay more over time. Credit providers are everywhere and we can buy almost anything on credit these days. Applying for credit (or more credit) is sometimes too easy and if we are not honest with creditors or ourselves we can soon find we have access to a lot of credit. Then when things begin to turn against us and costs go up, we often do not adjust quickly enough. We begin to spend more than we earn. Soon we are entirely dependent on our lines of credit and we begin think about debt consolidation and sometimes using one creditors money to pay another. Be careful for debt consolidation because this is when disaster strikes. It can topple us entirely over the edge into what is called “over-indebtedness”. We cant afford to pay all our debts and cover our monthly needs, We are trapped! This is when you have to contact Debt Counsellors For Debt Rescue
Some ways to Deal with Debt, debt consolidation, if you do the calculations will cost you more on the long run. Debt Counsellors For DebtRescue will guide you and make your journey smooth to become debt free, use our Debt Solutions!
Dealing with debt can be tricky. If it was easy then no-one would have any issues. Sadly this is not the case. So what can be done to reduce debt stress and successfully cope with debt? again debt consolidation is not the answer, rather contact Debt Counsellors. For Debt Rescue
Know your situation, again avoid debt consolidation, Contact Debt Counsellors For Debt Rescue which can legally help you with their DebtSolutions!
Beware of assuming you know how much you and your family owe to creditors. It may be well worth it to draw a credit bureau report and check what debt are showing. also it is good to find out axactly what each one in the home owes as it is not uncommon for spouses to downplay or not to disclose certain debts. it is very important to have the full picture so as to choose which debts are the most expensive or can be settled first. Study statements from creditors to see what charges are going off every month. do you know what they are for? Write it all down. Make
a list of the creditors name, the overall amount owed, the monthly repayment obligation and of possible the fees and interest rate on that debt. Start with the biggest and work your way to the smallest, avoid debt consolidation!!
Don’t play the blame game
Work together as a family to combat and overcome your debt rather than think of “your debts” an “my debt” Don’t let your family member become the bad guy. Make debt the common enemy and have monthly family meetings to discuss your debt. Make the meetings short. Start with a brief review of your statements and your overall indebtedness. Tackle your debts head on and avoid the debt consolidation option.
Though it is a pain, writing all your figures down will help you figure out where the problem is, if one exists. It will also help you identify areas where changes can be made to improve your situation. Once you have figured out your budget, try to track your actual spending to see if what you thought is true.
Write down your monthly income from everyone in the house.
Write down all your monthly expenses for things like food, electricity, rent, transport etc. Try to include everything you can think of, including haircuts and snacks. Try to work out a realistic figure for each individual item. Don’t forget about setting some money aside toward annual or unplanned things such as new car tyres, school books in January next year or doctor visits.
Write down all the people you (as a household) owe money to, and how much they want each month. Important: spend less, change your mindset and save rather than buy on credit or consider debt consolidation. If you are over-indebted rather phone Debt Counsellors For Debt Rescue who can help you with the legal process
If your current income is not covering your needs, then earning more is a sure way to improve your situation. Before looking elsewhere for new work, ask your current employer for an increase or offer to work a bit more or in a different position to earn more each month, who is more likely to give you more money as a total stranger, who knows how hard you work.
Dealing with debt takes time but with our Debt Solutions life can be much easier.
Getting out of debt normally takes a lot longer than getting in. So, we need to take a long ranged view when it comes to dealing with debt. While getting debt free is the end goal, reducing our expenses and increasing our income should be short term stepping stones on the monthly journey towards financial freedom. If you are definitely over-indebted contact your nearest Debt Counsellor.
Livingstone and Lund noted that….”Getting into debt, and particularly getting out of debt, are rarely singular and brief events in a person’s life”
Your Credit Report, how i is affecting you and why it is important to maintain it and useful links to get your free credit report
When you approach your Debt Counsellor to make an application for Debt Review, they have to and will gladly provide you with a copy of your credit report. Keep in mind that with all the Credit Bureaus you can get a free copy of your credit report every year
A credit score on your credit report is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus.
Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores on your credit report to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores on your credit report to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.
Credit scoring on your credit report is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of your credit report. Credit scoring also has much overlap with data mining, which uses many similar techniques. These techniques combine thousands of factors on your credit report but are similar or identical.
Credit scoring is used throughout the credit industry in South Africa, with the likes of banks, micro-lenders, clothing retailers, furniture retailers, specialized lenders and insurers all using credit scores on your credit report. Currently all four retail credit bureau offer credit bureau scores on your credit report. The data stored by the credit bureaus include both positive and negative data of your credit report, increasing the predictive power of the individual credit report scores. TransUnion (formerly ITC) offer the Empirica Score which is, as of mid-2010, in its 4th generation. The Empirica score is segmented into two suites on your credit report: the account origination (AO) and account management (AM). Experian South Africa likewise has a Delphi credit score on your credit report with their fourth generation about to be released (late 2010). Compuscan released CompuScore ABC in 2011. The scoring suite predicts the probability of customer default throughout the credit lifecycle.