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Individuals struggling with debt and do not see any way in which they
can cope or attempt to become debt free on their own should not despair.
Help with debt is readily available from a number of reputable institutions
offering debt management in South Africa.
Seeking advice or assistance
with debt does not mean you “have failed” or that you are unable to look
after yourself. On the contrary! Seeking help with debt
is the first step to managing your finances and debt in a responsible
manner and making
a positive change.
The best way to become debt free is to
seek assistance to manage your debt from a reputable and
registered debt counsellor and
institution. They will be able to offer you expert advice
and help with your debt management. Remember that you do
have the right to approach
more than one institution for debt assistance before choosing
the right one for you. You may even be able to negotiate
better debt counselling fees and repayments when you compare
the help services
offered by the
various companies or institutions offering help with debt.
Once
you have found a debt management company you feel comfortable
with to help you with your debt do not be afraid to ask
as many questions you can. You will be paying a small percentage of your
monthly debt consolidation loan towards the company helping
you with your debt. Debt
counselling
advice and help is usually also included in this fee.
Debt
Management Services generally includes:
- Debt Counselling
and advice
- The consolidation of your debt
- Management of debt repayments
- Creation of a monthly budget
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