Financial Debt Counseling - Does financial debt counselling work?

  Financial Debt Counseling - financial debt counselling services in south africaHome | Financial Debt Counseling - financial debt counselling services in south africaStudents | Financial Debt Counseling - financial debt counselling services in south africaDoes It Work? | Financial Debt Counseling - financial debt counselling services in south africaMonthly Expenses | Financial Debt Counseling - financial debt counselling services in south africaSave Me | Financial Debt Counseling - financial debt counselling services in south africaDebt Management Help Line | Financial Debt Counseling - financial debt counselling services in south africaContact

0871 501578

Does financial debt counselling work?

Financial Debt Counseling - Does financial debt counselling work?

 

RELATED ARTICLES >>

Financial debt counselling works for the consumer, because it is a process designed to promote and protect the rights of the consumer. However it will only succeed if every party involved in the process agrees to fulfil their obligations.  This entails creditors agreeing to new payment terms, the debt counsellor following legal precautions in their negotiations and the consumers accepting that the debt counsellor is working to help them.

 

One of the biggest benefits of financial debt counselling and one of the chief reasons that it truly works, is that no-one loses during the process. The creditor benefits from having a debtor who is willing to pay their debts, albeit over a longer period of time and the consumer benefits due to the fact that creditors are appeased and are no longer harassing them for payment.

 

Financial debt counselling is the only debt remedy that can promise a consumer protection against asset loss and legal action. This is because under the provisions of The National Credit Act, consumers are afforded these rights when they apply for financial debt counselling.  Therefore consumers are given a period of time during which they can pay off their debts, but also breathe easy knowing that they can pay their creditors whilst still having enough money to cover basic living expenses.

 

The success of financial debt counselling can also be measured when one considers the education a consumer gets out of it.  During their time under financial debt counselling, consumers can learn what the error of their ways were financially, while learning how to adhere to a strict budget.  Therefore once the financial debt counselling period comes to an, the consumer is more frugal and knows how to manage their finances.

 

Article written by: Andrea van Tonder 06-2013


Financial Debt Counseling - Does financial debt counselling work?

Financial Debt Counseling - Does financial debt counselling work?           Financial Debt Counseling - Does financial debt counselling work? Financial Debt Counseling - Does financial debt counselling work?              

 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HOME | STUDENTS | DOES IT WORK? | MONTHLY EXPENSES | SAVE ME | DEBT MANAGEMENT HELP LINE | CONTACT
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Copyright 2013 - Website Design | Website Hosting | Search Engine Optimization | SEO Certificate

 

Disclaimer:
The user/s of this website and / or domain, automatically accept and agree that the Owner/s of this website attempt to ensure that the content remains accurate and to date, no liability will be accepted for any errors whatsoever. In addition, the Owner/s of this website to not claim ownership or management of any content. Any errors can be reported to content@financialdebtcounseling.co.za