If you have been blacklisted or have a poor credit record, you qualify for debt counselling.
In order to get out of debt, consumers need to take decisive action. Start by ensuring that you have the latest statement from all your creditors.
It is important to make a distinction between being legally over-indebted and simply living beyond one’s means. Once you have obtained all your accounts, it is important to analyse your minimum payments to determine whether you can afford to pay all your accounts every month.
It is prudent to draw up a monthly budget which will inform your decision on your level of over indebtedness.
Once you know your minimum monthly living expenses vs. what is required to service your debt, you will be in a much better position to determine your next course of action. Take advantage of Debt-911’s free initial consultation and talk to our experienced counsellors to discuss your concerns and explore our debt reduction options
If you find that you are struggling to pay off your debt you may be over indebted.
If you decide that it is time to take action, Debt-911 can assist you in your quest to become debt free. The following criteria will impact on your options:
- If you are fully employed simply submit a payslip
- If you are self employed, bring along 3 months bank statements
- A minimum per creditor of R 1000
- Minimum total balance of R 20 000
- Minimum salary of R 3000 / month
Debt-911 will assist in reducing your monthly repayments to wards your secured and unsecured loans, credit cards, overdrafts, clothing accounts, furniture accounts, car finance, home loan/mortgage and Hire-Purchase (HP) agreements.
If you feel you may be over-indebted, and would like to receive a free, no obligation consultation, please complete and submit the form alongside, call us, or SMS Help to 40935 after which a trained Debt-911 debt counsellor will contact you to assess your financial situation. Discretion is of the utmost importance for Debt-911.