Benefits of Debt Counselling
- Debt Counselling is much cheaper than administration and sequestration.
- No hidden costs. All fees are charged in accordance with the National Credit Act (NCA)
- No Additional debt counselling fees
- Revised budget with the assistance of a registered and qualified debt counsellor
- Pay only 1 revised instalment to all creditors
- Protection of the Credit Act if you maintain your revised instalment
- Peace of mind
- Lower interest rates by acceptance of your creditors (after negotiations)
- Budget caters for your living expenses
Sources - Other good reads
- Credit Clearance FAQ - Frequently Asked Questions
- Revolving credit vs instalment credit and credit scores - Credit Salvage
- Debt Review vs Credit Bureau Clearance
- Benefits of Debt Counselling 2019 - Credit Salvage
- What to do before considering debt Review.
- Credit Bureau Clearance Application Credit Salvage
- Credit Clearance in South Africa - Credit Salvage