Debt is everywhere and most consumers are dealing with it on a daily basis, but to be over-indebted is becoming a widespread problem throughout South Africa. Not everybody knows about the solutions that are available to them.
Over-indebtedness is when you cannot afford to pay your debt installments anymore, because you still have monthly living expenses which you must pay in order to survive. This is basic needs like a roof over your head; water and electricity; groceries and school fees, etc. If you have no funds left due to the above mentioned obligations, it confirms that you are indeed over-indebted.
The next-best option you consider, is to rather fall in arrears with your debt repayments. Immediately, this reflects bad on your credit report and increases the need to apply for a personal loan to rather consolidate your debts in one installment in order to be able to breathe again. This is a vicious circle and only provides a temporary solution to your financial worries.
We are here to assist in solving your financial worries
We have been in the business of assisting struggling consumers for more than 10 years.
This established us as a trusted debt counsellor in the debt counselling industry since 2009. We are registered with the National Credit Regulator (NCR) with registration number NCRDC1189. A debt counsellor has to renew their registration annually, be sure to use a registered DC.
We strive to solve each and every one of our consumers’ financial worries, by making it ours and providing you with the solutions you need.
We are situated in the Western Cape, but assist consumers all over South Africa. You can either give us a call, email or come and visit us. We will listen and advise you in such a way that you will feel right at home.