February 2015 - No More Debt

The Process of Foreclosure and How We Can Help You!

If you have just received a registered letter telling you that the Sherriff of the Court is going to repossess your home and car to sell it off at a Sheriff’s auction, then you are probably feeling extremely anxious and stressed out right about now. While it certainly is not easy trying to keep up with today’s economic climate, recent statistics from the National Consumer Regulator show that 50% of South Africa’s credit-active consumers are struggling to pay their debt. Each month in South Africa over 6,000 cars and over 2,000 homes are seized and taken to the auction floor, which means there are currently thousands of consumers who are experiencing exactly the same thing as what you are right now. […]

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Your Questions Answered About Debt Counselling

In today’s consumer credit-driven society, debt has become a major problem in households throughout South Africa and it is certainly not restricted to the lower income groups. According to the National Credit Regulator (NCR), more than 16 million South Africans from all income groups have an impaired credit account, which means that they have either faulted on their monthly payments or they have stopped paying altogether. […]

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Over-indebted and Debt Stressed? Then You Need Debt Review

Are you facing severe financial trouble? Struggling to keep up with your overdue credit card payments, personal loans, car loan, school fees and your bond? The appetite for reckless spending and debt has amplified over the past few years among South Africans. While South Africans face off a brutal credit storm, easy credit and quick cash is everywhere we look. In fact, it is so easy to access quick cash that one does not even have to leave the home to qualify, and you can even get a loan while blacklisted! […]

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Partner with an Accredited Debt Management Company

Has your debt spiralled out of control? Are you consumed with the overwhelming anxiety of paying off multiple credit cards, personal loans, a car loan, a bond, school fees and steep medical bills? Are you receiving those intimidating letters, telephone calls and notices that threaten legal action, garnishee orders and repossession of your assets? In a consumer credit-driven society such as ours, over-indebtedness is extremely common, and if you have reached the point where you are about to lose your home, car and even your family, then you need to partner with a debt management company such as No More Debt! […]

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The Advantages of Voluntary Sequestration

Every now and then, we lose a handle on our debts and we are unable to pay them off. In extreme cases, we are forced to face losses, for some this could mean losing a car, for others this could mean losing a home. Living with the burden of debt is not easy. In fact, debt has proven to be the number one cause of divorce. Not only can it cause a marriage to break down, but it is also the leading cause of anxiety and stress. […]

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Understanding the Debt Review Process

So you’ve gone a little overboard in 2014, and now you are sitting with a pile of overdue retail accounts, a maxed out credit card, an overdue loan account, bond payments and car payments that you should have settled before you went crazy over the silly season. You already have creditors calling you for money, and you’ve just received the first of many threatening letters that demand payment NOW! […]

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The Top Benefits of Working with a Debt Counsellor

Struggling to meet all your financial obligations each month? Do you feel like you’re suffocating with all those overdue credit cards, bond payments and school fees that are piling up? While it’s super easy dancing into debt, it’s super hard dancing out of it! Fortunately, due to the introduction of the National Credit Act of 2007, consumers now have the option of debt counselling and debt restructuring. Firstly, debt counselling is not sequestration or blacklisting, it is a practice whereby the over indebted consumer requests to have their debt restructured through the help of a debt counsellor under the National Credit Act. […]

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Avoid Bank Repossessions and Turn to No More Debt for Property Foreclosure

Have you fallen way behind on your debt? It’s not easy trying to keep up in today’s downturned economy. Described as a “National Debt Crisis”, there are currently millions of South Africans fraught with over indebtedness and over expenditure. In fact, credible figures released by Statistics SA revealed that over 6 000 vehicles and 2 000 homes are being seized each month. While over 100 000 homeowners are currently in arrears with their bond payments, there are over 25 000 homeowners who are currently in danger of losing their homes today! […]

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