Debt Counselling & Debt Management Articles

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! […]

By |February 24th, 2015|Articles|Comments Off on Partner with an Accredited Debt Management Company

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. […]

By |February 4th, 2015|Articles|Comments Off on The Advantages of Voluntary Sequestration

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! […]

By |February 4th, 2015|Articles|Comments Off on Understanding the Debt Review Process

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. […]

By |February 4th, 2015|Articles|Comments Off on The Top Benefits of Working with a Debt Counsellor

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! […]

By |February 4th, 2015|Articles|Comments Off on Avoid Bank Repossessions and Turn to No More Debt for Property Foreclosure

Misconceptions about Debt Review and Guidance Regarding the Process

Many consumers mistake debt review as a payment holiday and then land in deep financial trouble because of such. What you should NOT do while under debt review or in the process of application: […]

By |January 7th, 2015|Articles|Comments Off on Misconceptions about Debt Review and Guidance Regarding the Process

Answers on Your Questions About Debt Counselling

We answer some of the frequently asked questions about debt counselling in South Africa because we want you to make an informed decision regarding your financial wellbeing and the protection of your assets.

What is debt counselling?

Although the phrase “debt counselling” is often used interchangeably with “debt review”, it is more comprehensive and includes debt review […]

By |January 7th, 2015|Articles|Comments Off on Answers on Your Questions About Debt Counselling

Debt Counsellors Answer Questions

Debt counsellors act as financial guidance counsellors, negotiators, facilitators and overseeing parties to the debt review process. They must meet specific requirements and also be registered with the National Credit Regulator to perform their duties. As such, you are in good hands and can trust that they have the required expertise to assist you.  Some of the frequently asked questions about debt review and counsellors are briefly answered below. […]

By |January 7th, 2015|Articles|Comments Off on Debt Counsellors Answer Questions

Useful Debt Management Tips for South African Consumers

Most South Africans have debt, whether in the form of credit cards, mortgages, store cards, vehicle finance or overdraft facilities and personal loans. The high living costs, combined with the constant pressure to perform and, of course, media persuasion that some items are essential, lead to debt. Debt management, however, is an important part of living in a world where credit is easily extended and even promoted. […]

By |January 7th, 2015|Articles|Comments Off on Useful Debt Management Tips for South African Consumers

Walk Away from 80% of Your Debt with Voluntary Sequestration

Are you experiencing severe difficulties in managing your financial responsibilities? Are you sitting with debt that you cannot afford, or do you already have a judgement on your house or car? If you have lost your job and are unable to catch up with those repayments, then we, at No More Debt, can help you with voluntary sequestration. […]

By |December 4th, 2014|Articles|Comments Off on Walk Away from 80% of Your Debt with Voluntary Sequestration