Debtfree Magazine March 2017

More documents

Recommendations

Info

Debt Review Explained Let’s be honest. We all spend a little too much occasionally. Maybe we go a few bucks over the grocery budget or something unexpected happens that we didn’t plan to pay for. Life happens. But when oncein-a-while becomes almost-every-time, we end up over-indebted. How to tell if you’re over indebted? 1. The money you have coming in, simply isn’t enough to cover all the payments going out. So you start missing installments here and there. 2. You’ve probably had one or two calls from creditors demanding payment. 3. You get that empty pit in your stomach every time you have to look at your bank balance. 4. You’re either thinking about or have already tried going the consolidated loan root, but that only made your debt worse, because it didn’t address the core issue of spending too much. 5. You’re more snappy, because you’re constantly stressed. 6. Payday can never come too early, because your bank account is empty within the first week of the month. It’s safe to say that if you are experiencing the above symptoms, you are over-indebted and a candidate for Debt Counselling. Debt Counselling! Say what? Debt counselling or debt review as it’s also known, is a medium to long-term process (depending on your level of debt) that aims to clear your bad debt. This process can only be done through a qualified Debt Counsellor. After applying to a Debt Counselling firm, such as DebtCare, you are assigned a dedicated Debt Counsellor who reviews your debt to see how to best assist. Your DC then looks at your income and expenses to determine what you can afford to pay every month. This single minimum amount covers all your debt repayments. After this has been determined, your DC contacts your creditors, informs them that you are under Debt Review and negotiates lower payments and interest. Once your creditors agree, your DC will inform you to pay the single minimum amount, which your creditors share amongst each other. Once your Debt Counselling process is completed, life goes back to normal. Well almost. Better spending habits and tighter reigns on your budget will keep you out of debt for good! Watch video at www.debtcare.co.za
EDITOR’S NOTE All work and no play makes Jack a dull boy. So the saying goes and this month we consider if there is any space within debt review for consumers undergoing debt counselling to have a little fun. We know girls just want to have it, we’ve been welcomed to the house of fun but how can that work if you are on a tight budget and paying all your available funds to your creditors to get out of debt? We also have some great articles about going paperless in a digital world. It should be easy. Right? Well, maybe not that easy, as you will see in the article. We also get some good advice in the Nutshell article this month looking at sticking to good habits during the Easter season. Interestingly, this time of year is traditionally a period where many consumers skip or short pay their court ordered debt review payments and fall out of the process. This then puts them in a worse off financial position. What a shame. So much wasted time and effort. If you are having any financial difficulties please talk to your Debt Counsellor as soon as you can to get some advice. We also have a large selection of the latest news in the industry and a look at the upcoming industry events. We have some exciting news from both Consumer Friend and DC Partner so be sure to look out for those stories. We also get some more information about the Annual Debt Review Awards peer review process which ramps up in April this year. As our readers will know the whole <strong>Debtfree</strong> team tries to help out with the organizing of the process each year along with other volunteers. So, we have the inside scoop for you. With just over 2 months to go until the Debt Review Awards gala, things are getting interesting. If you are a credit provider or Debt Counsellor you will also see how you can take part this year. So don’t be a dull boy. Take a few minutes to have a little fun and read this issue. Why not have a quick break and a cup of tea or coffee while you give it a read? We hope this issue helps you look at debt review in a new way and to allow yourself to have a little fun over all the upcoming long weekends and short weeks. Short weeks make for short months and before you know it between all the work, fun and paying off your debts you could soon be debt free.
Page 1 and 2: South Africa’s debt counselling m
Page 3: Don’t expect to hear an endless a
Page 7 and 8: CONTENTS NO MORE FUN? THE BIG LIE D
Page 9 and 10: Credit ProteCtion - debt review SuR
Page 11 and 12: South Africa’s leading Debt Couns
Page 13 and 14: HAVE SOME FUN Is Debt Review the En
Page 15 and 16: HAVE SOME FUN Free Stuff Many store
Page 17 and 18: MELIORLEAF WON’T LOAD YOUR PREMIU
Page 19 and 20: HAVE SOME FUN Nature There is a wid
Page 21 and 22: The Aquarium Some cities, like Cape
Page 23 and 24: CALL FOR SOUTH AFRICANS TO CONTROL
Page 25 and 26: INDUSTRY CONSUMER NEWS FLASH For da
Page 27 and 28: NEWS CONTINUED know exactly who the
Page 29 and 30: All professionals have professional
Page 32 and 33: SIGN UP TO BE CONSIDERED FOR THE 20
Page 34 and 35: IN A NUTSHELL Increasing Debt or Bu
Page 36 and 37: AND THE WINNER IS... Announcing the
Page 38 and 39: The cost of printing and paper The
Page 40 and 41: Die Republiek van SKYT AFRICA ‘N
Page 42 and 43: Debt Counsellors Associations Annou
Page 44 and 45: FINWISE - Innovative Debt Managemen
Page 46 and 47: JOBS apply for your dream job now J
Page 48 and 49: click the c Service D Debt Counsell
Page 50 and 51: Debt CounsellORS Gauteng KwaZulu- N
Page 52 and 53: Gauteng PENNY WISE Cathy Foster Deb
Page 54 and 55:
Debt Review Specialists 23 Coronati
Page 56 and 57:
National Debt Advisors Fighting For
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
WEBSITE | www.debt-therapy.co.za de
Page 64 and 65:
Tel: 0861 123 644 Email: info@debtr
Page 66 and 67:
Support services Tel: 011 451 0041
Page 68 and 69:
LEGAL Liddles & Associates “It al
Page 70 and 71:
PAYMENT DISTRIBUTION AGENCIES DC Pa
Page 72 and 73:
CAPITEC CONTACT DETAILS Form 17’s
Page 74 and 75:
ABSA TASK SPECIFIC DEBT ABSA TASK S
Page 76 and 77:
DC Query Process DC Query Process w
Page 78:
Telephone: 031 251 4151 Fax: 031 25
show all

Debtfree Magazine March 2017

Create successful ePaper yourself

Delete template?

Save as template?