If you are going through chemotherapy debt counselling Your creditors can’t take any action against your creditor. Your debt counsellor can determine if you are ‘over-indebted’ and, if so, you will be subject to the protections of debt review until all your debts have been repaid.
It will not be recorded that you have been through debt counseling.
Your debt counsellor will negotiate for you to ensure that you only have to pay one monthly payment to a distribution agency. This agency will then pay all your creditors. This will make it simple to keep track of your payments, and you won’t have to worry about creditors.
Before you begin paying your debts, they will verify that you are able to meet your monthly basic needs. You will not be required to pay more than what you can afford. This includes bills, school fees and food.
Creditors will stop calling you asking for payment after you have completed debt counselling.
Counsellors for debt can provide financial and budgeting advice and help you cut down on your monthly expenses in order to make the repayments. These advice can help you stay out of debt after you have paid off all your existing debts.
These are just a few of the benefits that you may be eligible for. DEBT COUNSELLING:
A registered HelpU Debt Counsellors Bloemfontein is a good option if you are struggling to pay your financial obligations. A registered debt counselor will provide advice and help you negotiate terms for your repayments. They can also help you restructure your debts. While a counselor can help you repay your debts more quickly, there are still some things to be aware of.
Debt counsellors can negotiate on your behalf with credit providers to lower your interest rates and lower monthly instalments if you are too indebted. This helps you to manage your debt and also teaches you responsibility as your agreement can be canceled if you miss a payment.
Pros to help you with your debt problems
When you are in debt counselling, creditors cannot take action against you
It is not a permanent record that you have been through debt counseling.
Only one monthly payment is required
Before you can make provision for debts, your budget should first meet your basic needs.
You won’t pay more than what you can afford.
A debt counselor will recommend ways to cut costs and save money.
Your creditors will not call you to demand payment.
You are protected against any further legal action by your credit providers.
The original Credit Provider will receive any debt that is sitting at collection agencies. Collection agencies can disrupt your day by calling you for payment arrangements. With Debt Counselling, this will be over.
Your monthly installment can be significantly reduced by a Debt Counsellor. They can negotiate better deals with Credit Providers such as lower interest rates and installments.
Multiple credit obligations can be consolidated into one payment. This payment will be distributed to your Credit Providers as per the new renegotiated contract.
Credit Providers won’t call you to ask for payment arrangements.
Your Debt Counsellor Your Credit Providers and Accounts will be managed on your behalf. You don’t have to waste time dealing with impersonal call centers or managing your own debt.
Debt Counsellors Can offer advice on budgeting and financial matters. This advice can be put to good use for all future financial decisions, ensuring that you don’t make the same mistakes again.