Debtfree DIGI Magazine Aug 2016

More documents

Recommendations

Info

DEBT COUNSELLING EXPLAINED We asked Debt Counsellor Chris Craven all about the Debt Review Process. Here is what he said: Millions of South Africans are struggling to cope with debt. The same debt that, in the past, was easy to manage can become harder to handle with the cost of living increasing and changes to your household income. More and more consumers are finding that they are over indebted and cannot manage their monthly debt payments anymore. Thankfully the National Credit Act, which came into effect in June 2007,offers an alternative way for people to manage their debt. Over indebted consumers can now apply for debt review with help from a professional Debt Counsellor. Debt counselling protects over indebted consumers from aggressive creditors who are quick to take legal action and not always willing to listen or understand the consumer’s situation. Consumers benefit, because they get to pay more a much more manageable monthly amount and the creditors benefit because they don’t have to take legal action (which costs a lot) and know they will receive regular payment monthly. A Debt Counsellor will negotiate with creditors on behalf of the consumer during the application phase before referring the matter to a court for a Court Order. Creditors are generally more willing to negotiate with a Debt Counsellor than they are directly with a consumer. With debt review the creditor knows that the consumer is truly over indebted and cannot afford the monthly payments and is not simply just trying to pay less and spend those funds elsewhere. The biggest mistake that over indebted consumers tend to make is that they wait too long before they try sort out their debt situation. Many people simply wait and hope for the best or hope their situation suddenly changes for the better. But ignoring your debt will not help. It only makes things worse. If you leave your problem for too long, not even debt counselling can help. That is why it is better to act sooner. If you are having debt problems talk to a professional Debt Counsellor who is registered with the NCR.
“ It always seems impossible until it is done” - Nelson Mandela Specialist Attorneys dealing with Debt Review matters Magistrates Court and High Court Matters TEL 021 913 2514 FAX 0866070940 EMAIL info@liddles.co.za PHYSICAL ADDRESS 7 Chenin Blanc Street, Oude Westhof POSTAL ADDRESS PO Box 3407, tygervalley, 7536
Page 1 and 2: South Africa’s debt counselling m
Page 3: henpda.co.za Don’t expect to hear
Page 7 and 8: CONTENTS NEWS CALL CENTRE DEBT REVI
Page 9 and 10: Switch to easy • Individual, dedi
Page 11 and 12: INDUSTRY CONSUMER NEWS FLASH For da
Page 13 and 14: We are very proud of the achievemen
Page 15 and 16: UNDERSTANDING INDUSTRY JARGON COURT
Page 17 and 18: Due to changes in the National Cred
Page 19: have even lots assets due to this p
Page 22 and 23: more staff. During their discussion
Page 24 and 25: calling someone to talk about somet
Page 26 and 27: Recent Interesting Court Cases NEDB
Page 28 and 29: BUILDING A SOLID DEBT COUNSELLING P
Page 30 and 31: UNDERSTANDING INDUSTRY JARGON CONFI
Page 32 and 33: DCASA CONFERENCE 2016 Each year the
Page 34 and 35: Ms. Mamello Matikinca (FNB) Ms. Mam
Page 36 and 37: *Debt *Debt Review Review documents
Page 38 and 39: IN A NUTSHELL A CRY FOR HELP! Peopl
Page 40: 4) Explain the advantages of debt r
Page 43 and 44: UNDERSTANDING INDUSTRY JARGON COURT
Page 45 and 46: WHO ARE YOUR MOST CO-OPERATIVE AND
Page 47 and 48: ank on your phone • Save money an
Page 49 and 50: AUGUST NEWSLETTER NCR RESPONSE The
Page 51 and 52: Registered Payment Distribution Age
Page 53 and 54: IRECTORY ATEGORY DO YOU WANT TO LIS
Page 55 and 56:
LIMPOPO NORTH WEST EASTERN CAPE MPU
Page 57 and 58:
Specialist Debt Management Centre B
Page 59 and 60:
National Debt Advisors Fighting For
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
CONSUMER & Solution Centre NCRDC245
Page 67 and 68:
CONSUMER & Solution Centre NCRDC245
Page 69 and 70:
Telephone: 031 251 4151 Fax: 031 25
Page 71 and 72:
COMING SOON TRAINING COMING SOON FI
Page 73 and 74:
Your Debt Counselling Attorneys Joh
Page 75 and 76:
SOFTWARE PROVIDERS
Page 77 and 78:
Debt Review DepartmentEmail Address
Page 80 and 81:
DC Query Process DC Query Process w
Page 82:
don’t be a twit http://twitter.co
show all

Debtfree DIGI Magazine Aug 2016

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?