DEBT COUNSELING 

WHAT IS OVER-INDEBTEDNESS?

Over-indebtedness occurs when a consumer is unable to repay all financial obligations in a timely manner and/or where total debt repayments exceed net income (“take-home pay”) after living expenses have been paid for.

Debt counselling is one of the debt relief measures available in South Africa, introduced by the National Credit Act (NCA) in 2007. Debt counselling is intended to assist over-indebted consumers struggling with debt through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.

Instead of watching missed payments pile up and dealing with the stress that comes with financial difficulties – talk to an expert debt counselling services consultant at debt wise solutions. Not only can we assist in creating a workable solution with your creditors that is perfectly suited to your specific budget, but we can also provide budgeting guidance and personal financial plans – while dealing with all of the admin at the same time.

DEBT COUNSELING

This is the process that allows you to regain control of your financial situation.