The Debt Counsellor

20/09/2023

0861 00 55 65
0844 37 16 39

07/11/2022

23/06/2022

There are 26 million credit active consumers, and in the fourth quarter of last year, 38% of those consumers were either in arrears or in an adverse status on their accounts.

There are 26 million credit active consumers, and in the fourth quarter of last year, 38% of those consumers were either in arrears or in an adverse status on their accounts.

23/05/2022

Pros and cons of debt counselling
Sometimes people borrow more money than they can afford to pay back, and then they find themselves in financial trouble. Debt counselling can help, but there are pros and cons to consider.

What is debt counselling?
If you are over-indebted, a debt counsellor can negotiate with your credit providers on your behalf to get lower interest rates and reduced monthly instalments. This makes your debt more manageable and teaches you accountability as your agreement with your debt counsellor can fall away if you miss a payment.

Debt counselling pros
When you are in debt counselling, creditors cannot take action against you
There is no permanent record of having undergone debt counselling
There is only one monthly repayment to be made
Your budget will meet your basic needs first before provision is made for debts
You will never pay more money than you can reasonably afford
A debt counsellor will suggest ways of cutting costs and saving money
You will no longer get calls from your creditors demanding payment
Debt counselling cons
You are not allowed to have more credit while undergoing debt counselling
It does cost a little bit of money, but the fees are set by law
Your debts might take longer to pay off as a result of paying smaller amounts each month
It’s important to get a credit report to find out how bad your credit score is. This can help you decide whether you need guidance from a debt counsellor or whether you will work on improving your score by yourself.

25/02/2022

Voel dit op jy in skaakmat is? Leer om nuwe skuiwe te maak en vat beheer oor jou finansies. Kontak ons gerus om jou finansiele vryheid te herwin. 0861 00 55 65 of 084 437 1639

03/02/2022

Are you Struggling to pay your Debt?

With the increase in electricity, fuel, interest rates, the list goes on many consumers are not aware they have options to mitigate these economic factors.

Contact us today for a free non-obligating assessment. We specialize in different options to assist our consumers in becoming "Debt Free". Contact us on: 0861 00 55 65 or 084 437 1639

Reduced interest to 0.1%
Reduced installments by 50%
NO Call centre
NO Upfront Fees

Terms and Conditions apply

Established in 2006

15/12/2021

JACOB ZUMA MUST GO BACK TO JAIL

In a scathing judgement handed down today, The Pretoria High Court has reviewed and set aside Arthur Fraser’s decision to grant Jacob Zuma medical parole and has ordered him to resume his sentence of 15 months’ imprisonment for being in contempt of a Constitutional Court order.
Zuma has thus far only served approximately two months of this sentence.

Upon Zuma being released on medical parole on 5 September this year, the Democratic Alliance launched an urgent application to set aside Fraser’s decision. The Helen Suzman also launched an urgent application shortly thereafter, with the High Court deciding to combine the applications, as they essentially sought the same relief.

Fraser, who at the time was the Commissioner of Correctional Services, disregarded the recommendation of the Medical Parole Advisory Board that Zuma does not qualify for medical parole, and relied on section 79 of the Correctional Services Act to overrule the board’s decision.

The Pretoria High Court has found that Fraser’s decision was not a rational one and that he did not interpret the act correctly. Fraser, quite frankly, did not possess over the expertise and knowledge to make the determination that Zuma qualifies for medical parole.

The High Court has ordered that the period which Zuma has not been in prison is to be disregarded and that the full balance of his prison sentence is to be served, which is approximately 13 months. This is of course subject to a possible parole application which could be launched by him down the line.

Zuma is expected to hand himself over within a reasonable time, one could expect this to be during the course of next week, although we should expect Zuma to launch an application for leave to appeal this decision. Our opinion is that such an appeal would have a slim to zero chance of success.

Ulrich Roux breaks this down on eNCAnews, click on the link below for the interview:

https://youtu.be/t42PeD6uiSI

01/07/2021

To everyone that is currently part of my/our personal and/or other whatsapp and Facebook groups.

The *"Protection of Personal Information Act, 4 of 2013"* (POPIA) came into force on 1 July 2021.

As a result, we require everyone’s permission to be part of these groups. I herewith inform you that you have the right to decline permission, thus you may exercise your right by leaving the groups.

Should you prefer/choose to remain on these groups, I/we accordingly accept that you herewith and willingly give permission to be part of my/our whatsapp and facebook groups and that you acknowledge that your personal information such as Name, profile (but not limited to) may be visible to other participants/members of these groups.

I/we appeal to all participants / members of my/our groups, *not* to use or share any of my/our members information for personal and/or other uses, without prior permission from such member.

Please feel free to leave my/our groups, *if* you do not give permission to remain on these groups, in order for us/me to remain within the regulations of the “Protection of Personal Information Act” (POPIA).

I/we thank you for your co-operation herein.

12/05/2021

Even before the coronavirus pandemic, South Africans were struggling with their debt. The time to take action and to consider your financial relief options is right now. We offer an affordable and effective relief plan if you are over-indebted and earning an income