If you are looking for debt counselling Cape Town, let the Debt Counselling Centre help you out. We are a debt counselling company based in the Mother City.
Are you struggling to keep up with your debts and seem to be paying all your money towards interest and that the debt hole just gets deeper? Debt counselling can help you in getting your finances in order and embarking on the road to being debt free.
In 2007, the government introduced debt review with the National Credit Act, as a means to help those who are over-indebted to be able to find a way out of debt. With the debt review process, all of your different loans and credit obligations are consolidated into one loan which has a lower interest rate, and allows you to pay off all your debts with one monthly payment.
Our debt counselling process involves 5 easy steps.
1. Complete the Assessment form
Fill in the Assessment form on the website. It will take a few short minutes and give us some of the information we need to assist you in getting started. You can also contact us on any of our communication channels and one of our consultants will promptly get in touch with you
We will conduct an obligation-free assessment of your debt to determine your debt status and how to best structure your finances.
3. Debt Review
You are placed under debt review. Your creditors and the relevant bureaus will be informed that you are under debt review
Here, all your loans are consolidated into one online with a better interest rate that we negotiate on your behalf, which will allow you to pay less overall. The debt review is now a court order and you
Once you are under debt review, our lawyers will handle the application to the court to make your payment plan a court order. This means that you will now be protected from other creditors and only have to worry about the one payment.
During the debt counselling process, you will be paying less interest for your combined debt and safe from legal action from your creditors. This will allow you to have enough money to pay for your expense and you are now on your way to being debt free.
The benefits of the debt review are a reduced interest rate, as well as a reduction in the myriad of transaction fees that you pay when you have different accounts to pay for.
Some of us also do things better when we have someone managing the process and guiding us through, which is what a good debt counsellor will do.
A good debt counsellor is one that is customer-focussed and follows the correct process for debt review. We take the time to fully understand your unique financial situation, and develop a personalised approach that will put you in the best position to be able to handle your short and long term obligations. The aim is to get the customer, you, debt free.
With the wrong debt counsellor, you can make all your payments on time, but if the company does not follow process, you can have big problems like your creditors terminating the debt review and leaving you liable for even more costs.
With Debt Counselling Centre, our professional team engage with your creditors and negotiate and compile a good proposal and payment plan. Doing things by the book ensures that you are protected by the NCA and only need to pay for the consolidated loan until it is settled.
We have a team of qualified debt counsellors that are trained to help a diverse array of customers and we have a proven record of success. We understand that each client is unique and tailor our service to best suit your situation and the requirements from that.
We have our offices for debt counselling in Cape Town but we cover all areas of the Cape Town Municipal areas and surrounding localities including Stellenbosch, Paarl and Grabouw. If you are located in any other town in the Western Cape, don’t hesitate to call our call centre as we are available to assist throughout the Western Cape.
If you ready to take the first step to being free of debt, contact us through any of the channels that suits your preference. Of you can fill in the contact for and one of our qualified debt counsellors in Cape Town will get in touch with you.