29/02/2016
GET OUT OF DEBT —
WITHOUT BORROWING MORE MONEY.
BE UP TO DATE WITH YOUR CHILD’S SCHOOL FEES!!!
Owing money causes more unhappiness, more embarrassment and more stress than almost anything else that can happen to a person – yet it gets you no sympathy from anybody. Most people who are seriously in debt cannot talk about it to their partners, or even their best friends. You just suffer in silence. Worse still, because you are stressed, your work suffers, your family life suffers – even your health can suffer, in some cases very seriously. None of this has to be. You can talk to a debt counsellor and you can live a normal life, in spite of having a large amount of debt. A debt counsellor can protect you from you creditors.
Without that protection, your creditors will phone you at work and at home and on your cellphone, they can take everything of value that you own – your house, your motor car, your television, your laptop… None of this has to happen.
Debt Counsellors came into being with the National Credit Act in 2006, to rescue consumers who are drowning in debt – and to enable them to meet their monthly commitments without being pursued by their creditors. Debt Counsellors have to be registered under the National Credit Act.
Not that debt counsellors can eliminate debt – their job is to make it affordable. When a person goes to a debt counsellor they apply for a Debt Review. To do this, you complete a form listing all your creditors and how much you owe.
The Debt Counsellor then advises all the creditors that you have applied for a Debt Review. From that moment, creditors cannot issue summons for any debt included in the form. From this the Debt Counsellor determines the amount the consumer can afford to pay their creditors and prepares a Debt Restructuring Proposal. But the purpose is to clear all debts and to give the consumer peace of mind while it is happening, and peace from creditors’ calls.
Avoid legal action and restore the joy of life.
Gerhard Stoltz is a registered Debt Counsellor and his job is to rescue people drowning in debt – without
lending them money. This is not Administrations.
This is how it works. Overwhelmed by debt?
• You find a Debt Counsellor.
• Tell the Debt Counsellor you want to enter a Debt Review Process.
• Fill in an application form, showing everything you owe to all your creditors. Show the Debt Counsellor what you need to live a reasonable life – your rent or bond repayment, groceries, transport, water and lights, medical expenses, school fees, television licences...
• The Debt Counsellor advises all your creditors that you have entered the process and they cannot take legal action against you – unless they have already started. Even then you can include all other debts.
• The Counsellor has three months to work out a plan for you – what you will need for you and your family to lead a reasonable life and what you can afford to pay your creditors every month.
• He takes this deal to your creditors. If they accept the deal they cannot hassle you. If they refuse, the proposal goes to a magistrate and a deal is decided.
The intention of the Act is that you should be free of debt as soon as possible. With the help of a Debt Counsellor you can get there – and you can live while you are doing it.
The job was created by the National Credit Act. Anybody claiming to be a Debt Counsellor has to be registered under the act and to have a NCRDC registration number.
Gerhard Stoltz is a registered Debt Counsellor – and one of very few who is also a qualified attorney.
Phone him.
Tel: (047) 532 5077, 0713113837
43 Wesley Street, Mthatha
Email [email protected]
A QUALIFIED DEBT
COUNSELLOR REALLY
CAN HELP YOU OUT.
