2018: Get Out Of Debt With A Budget
Getting out of debt may not be the easiest task. At National Debt Advisors (NDA) we want to focus on making better financial choices, and budgeting is the first step. If you can’t see a way out of your financial troubles, we are here to help you.
Budget Assessment with NDA
Upon signing up with NDA, one of our professional debt counsellors will assess your budget. This is done to establish whether or not you are over-indebted. If we find that you are in fact over-indebted we will begin the debt counselling process by negotiating with your creditors to arrange a more affordable repayment plan.
Stick to the Budget
Remember, debt counselling was designed to get you out of debt. The process is meant to rehabilitate you back into into the credit market once you are ready to do so. This means that you won’t be able to take out any more credit, which includes car finance and bonds. If you stick to the plan set up by your debt counsellor, you will get out of debt with a budget, as you move closer towards financial freedom with each monthly payment.
Once all of your debt has been settled, you will then be issued with a clearance certificate. This will allow you to apply for credit once again.