Credit Counselling South Africa

Credit Counselling South Africa This page is about educating South Africans about the Debt Review program and why it is the most viable solution to getting debt free.

Anyone keen on being removed from debt review, inbox!
04/12/2024

Anyone keen on being removed from debt review, inbox!

Debt review removal, Contact us!Struggling with debt, contact us!Debt advice, contact us!
12/07/2024

Debt review removal, Contact us!
Struggling with debt, contact us!
Debt advice, contact us!

07/11/2021

Ask us your questions, we are here to help.

23/03/2019

DEBT REVIEW REMOVAL PROCESS
To cancel debt review we will need to inform your debt counselor on your behalf and request a 17.W letter.we will inform them of your request to pull out of the services.The debt review doesn’t need to be paid up to be removed, We are the experts in facilitating early termination of the debt review program if you no longer feel that you over indebted or you no longer need the service, once the process is complete we will clear your credit record on ITC
Did you know that removing a debt review flagging on ITC and maintaining a good credit rating will help you buy a house, car furniture, new clothes or get that loan or credit card? It is also one of the things that prospective employers check when consider employing you. A good credit rating helps you to qualify for credit should you require it in the future and to get a better repayment rate or credit limit.
We can also make arrangements with your creditors directly should you still need to continue to pay reduced installments after exiting debt review.

Ask how or inbox and we will get your life rolling!!!!

22/01/2018

LACK OF
CONSUMER
EDUCATION...
Ironically, one of the things the NCR would like to see is, consumers
being educated about debt and how credit works.
Interestingly however, the concept of consumer education or even
counselling does not exist in the section of the NCA about debt review.
Debt Counsellors have no legal obligation to educate their clients. Rather
the Act only discusses the role of the National Credit Regulator in educating
consumers. This falls squarely on their shoulders.
The NCR recently announced that over the last 10 years they have managed
to engage and do some form of education with 400 000 consumers out of
the 9 million plus consumers who are many months behind on repaying
their credit and out of the over 20 million credit users. Perhaps the name
Debt Counsellor is a slightly misleading one and implies something that
the professional is not obliged to do.

22/01/2018

Anyone in need of the debt review magazine and willing to learn more, drop your email address and we shall send it to you every month

22/01/2018

Picture the scene; you are
enjoying a pleasant evening with
your friend when they start to tell
you about how business is tough
and their debts are mounting.
They feel stressed because their
clients don’t have money to spend
and are buying less. You stand
there knowing that debt review
could be the solution they are
looking for but you feel weird to
talk about finances.
After all, as a nation we don’t like to
reveal that we are having troubles
ourselves. We love to project an
appearance of well being. That’s
half the reason we all get into
financial trouble: Spending money
to look good and have the latest
gadgets we don’t really need in
order to impress other people.
So, you ask yourself: has debt
review made my life better? Have I
benefited from the process? Should
I share my dirty little debt review
secret with others?
Think back to when you first started
the debt review process? How
stressed were you? How bad was it?
Think how far you have come in just
a short time. The process works and
can help consumers become better
equipped to handle their finances.
Or does it?
We discuss the aspect of consumer
education while under debt review
in this issue. We ask if your Debt
Counsellor has been training you,
equipping you for future financial
success. Have you actually learned
anything while under debt review?

21/11/2017

ARE YOU
READY FOR
DECEMBER?
The end of the year and Easter are
traditionally months where consumers under
debt review slip up and destroy all their hard
work through debt review.
Missed payments or even short payments quickly
see unwary debt review consumers thrown back
to the collections wolves and out of the protection
offered by debt review. Cars are repossessed,
homes sold on auction and debt balances sky
rocket as the debt review falls away.
So the question is: are you ready for December?
Some simple steps will help protect you from
making big mistakes that could see your family
lose everything you have worked towards through
debt review.

15/03/2017

Sometimes you need to face a tough situation with a plan that works, you need to realise that there is so much in the world you can do without, especially if it means getting it on credit.
We have subjected ourselves to this idea that giving away all of your hard earned money is normal...NO it is not!
Today I challenge you to challenge me to tell you why your financial normal is abnormal.

01/03/2017

Guiding principles for structuring your
financial habits:
Spend less than you earn. Bolster your
savings and reduce your expenses.
Remember, just because you can have
something doesn’t mean you need it.
Save for future spending. Get yourself
into a habit of saving. Start simple by
taking advantage of any automated
savings or investments that exist. Then
build your habit, checking in as you get
closer to your goal.
Only borrow what you can afford. Don’t
deny yourself, but avoid spending for an
outward show or status symbol. Consider
the loss to your long-range goals when
you choose to spend now. Remember,
every dollar borrowed today is a dollar
less to spend tomorrow.
Grow your money. Work with a financial
or tax advisor to structure investments
so you can gain tax advantages.
Contribute as much as you can to
employer-sponsored retirement plans,
especially if your employer makes
matching contributions.
Boost your earning capacity. Even as
your earnings increase, try to live off a
set income level and add to your
investments. Allowing your interest-
earning accounts to grow will help you
offset any downturns or emergency
expenses.
Protect what you have. This applies to
not only insurance for yourself, your
property and income, but also your
investments.

01/03/2017

“A state of being wherein you have
control over day-to-day, month-to-
month finances; have the capacity to
absorb a financial shock; are on track
to meet your financial goals; and have
the financial freedom to make the
choices that allow you to enjoy life.”

Address

58 Folkestone Way
Cape Town
8000

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

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