Is Debt Review the solution for me?

Is Debt Review the solution for me?

Debt Review Mpumalanga

We know what you’re thinking. Debt Review sounds great, but is it really the solution for me? Take a look at these simple steps towards deciding whether Debt Review Mpumalanga will be a good option for you.

Debt Review Mpumalanga
Debt Review Mpumalanga

Step 1: What is the reason for my financial struggle?

You’re not just considering Debt Review because you’re looking for a new hobby in 2017. There must be a reason behind your seeking for help. Think about the reasons why you are in financial difficulty. Some people struggle with installments to Credit Providers that are simply too high. Others have too many dependents. Some people struggle because of changed circumstances, for example having to adopt yet another dependent or losing a job that produced more income than the current one. You will have to decide if your situation is impossible to fix on your own. If you would benefit from Debt Review Mpumalanga With REDUCED INSTALMENTS and INTEREST RATES, Debt Review would be a good option for you.

It is important to disclose this problem to your Debt Counsellor from day one. The more your Debt Counsellor knows about your financial situation, the better they can advise you. Remember that you Debt Counsellors main goal is to solve your financial problem.

Step 2: Do I qualify to go under Debt Review?

Not everyone qualifies to go under Debt Review. One of the big conditions is that you need to have a stable monthly income. To calculate whether you are eligible for Debt Review, we will have to assess your finances at our office in Nelspruit (Mbombela). Assessments are FREE and we will let you know whether you earn enough income to qualify for Debt Review.

If you are married in community of property, your spouse will also have to apply for Debt Review. If you are in the process of getting a divorce, your spouse will also have to apply or you can apply for Debt Review on your own after the divorce has been finalized.

Step 3: Do I understand the consequences?

Once you have applied for Debt Review you will be flagged on the Credit Bureaus as being under “Debt restructuring”. This is good, because this means that no Credit Provider can take legal action against you unless you default on payments. One of the consequences to keep in mind is that the moment you apply for Debt Review, you cannot apply for credit until you have completed the Debt Counselling Process. The process is completed the moment all of your accounts have been paid up and a Clearance Certificate has been issued.

It is also very important to be open and honest with your Debt Counsellor at all times. List ALL of your Credit Providers from day one in order to speed along the process and avoid unnecessary complications in the future.

Make sure your Debt Counsellor is registered, click the following links: National Credit Regulator and Debt Counsellors Assosiation of South Africa

Contact us if you would like to find out more about the Debt Counselling Process.

Call: 013 753 3228

E-mail: magda@debtfreeplus.co.za

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