Most debt review applicants are white individuals
Debt Counselling News: A survey completed by one of the largest debt counselling companies in South Africa has shown that the majority of debt review applications are being completed by white males. Of the 10000 applicants surveys by Consumer Assist, almost two thirds were men and a large majority of them were white. Only about [...]
Why Debt Counselling is a better option than Insolvency
Debt Counselling is a relatively new service introduced to help consumers who are struggling to manage their monthly debt responsibilities. The service helps consumers by restructuring their repayments, and renegotiating the interest rates on the outstanding debts. The main benefit of approaching a debt counsellor as opposed to declaring yourself insolvent is that your assets [...]
Debt Counselling Saves Client Over R1mil
Debt Counseling: Despite thousands applying for debt counselling every month, many still doubt whether the process is actually helping consumers. Any doubts about the effectiveness of debt counselling and debt consolidation should be put to rest after reading about this story. Andre Snyman, managing director of Consumer Assist, explains how one of their clients managed [...]
What are the costs of Debt Counselling
The Fees: The process of debt counselling has been introduced to South Africa to empower consumers to get out of debt and begin living their lives financially free. The service and protection provided by debt counsellors has benefited very wide range of people. In SA, over 10 000 people are applying for debt review every [...]
The Debt Review System In SA Is Going Through A Learning Phrase
Debt Counselling News: The high demand for debt counselling assistance has placed pressure on the debt review system, revealing some areas that need urgent attention. A study has shown that some banks and creditor providers have not come to the party with regards to helping their clients get out of debt, through the debt review [...]