Diverse Debt Counsellors
Counsellor in Durban

If you are struggling to pay your debts, we can help! Our team of professionally registered debt.
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make the best financial decisions for themselves and their families now.
continue life as normal with the skills and tools at hand in order to.
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For example, if you are expecting a substantial amount of money to be paid out to you (e.g. Our first task is to assess your financial situation and to establish whether you qualify for debt counselling. We will require full details of all your income, expenses and all creditors as well as any information that is relevant. Although an administration order will allow you pay a much smaller amount than you would otherwise be paying towards your debt, you will be paying much more over the long term because the interest on your debts will continue to escalate. Take all these statement and write down the minimum payments you should be making in order service account and get out of debt. See if this amount X is enough to pay the minimum amount towards your debt monthly. If it is not then you are over indebted and should seek the advice of a qualified debt counsellor who is registered with the NCR to get out of debt. 3) Give you an exact payment proposal showing the period of time it will take to settle all your debts and the amounts to be paid to each credit provider so you can get out of debt. 4) If you do not feel comfortable with the debt counsellor rather look for somebody you can trust and somebody that can answer your questions without hesitation and uncertainty. You need to feel comfortable with the person who is tasked with the position of responsibility of sorting out your debt problems. Interest is a bottomless pit that will drag you deeper and deeper into debt. You cannot fly an aeroplane without controls the same as you cannot make financial decisions without a budget. But every endeavor needs to be made to save even a small portion of your income as if emergencies happen then funds are available. in advice for over indebted consumers, tips for over indebted consumers. in advice for over indebted consumers, Consumer Debt Help, tips for over indebted consumers. First approach The attorneys can now apply for an emoluments attachment order (more commonly known as the garnishee order), this will mean that the attorneys will decide on an amount and they will apply to the court to have this amount deducted directly from your pay before you even receive your remuneration. This is generally not based on your actual living expenses and can cause huge problems in a consumers life as he/she might not be able to survive should the amount be taken and secondly the client might now not be able to pay his/her other accounts leading to legal action from the remaining credit providers Second Approach The credit provider can apply for your assets to be attached. The sheriff of the court will come and write up an inventory of your assets eg, furniture, vehicles, houses etc. he will then take this inventory back to the attorneys handling the case, the attorneys will decide weather the estimated value of the assets is worth them taking the assets. If there is a shortfall you are still liable for this. Third approach If the attorneys do not know where you work and you have no assets worth taking they will call you to appear in a section 65 enquiry, this is an enquiry called for you to appear before a magistrate and prove all your income and expenditure so it can be decided what you can afford to pay towards the amount owed. in advice for over indebted consumers, Debt Counselling Durban, tips for over indebted consumers. The Department of Trade & Industry conducted extensive research to determine the causes of over indebtedness. Debt review is part of the NCA and section 86 of the NCA allows for a consumer with credit agreements with registered credit providers to apply for the restructuring of his/her accounts in an effort to alleviate the danger of having an impaired record, repossession of assets and still ensuring that debt obligation is fulfilled by the consumer.