Debt Solution for Nurse
38-year-old Mrs V is a married professional nurse from Pretoria. She began struggling financially after having a baby and going on maternity leave. As a result of pregnancy complications, she incurred hospital costs that her medical aid did not cover.
|Food & household goods||R2000|
|Life, health & Critical Illness Insurance||R800|
|Left over for debt repayment:||R2,660|
‘She owed R4,442 monthly, but she only had R2,660 left over for debt repayment’
We crunched the numbers and determined that Mrs V was over-indebted. Below you will find a table that lists the instalments and interest rates she was originally paying before she entered debt review. As you can see, she owed R4,442 monthly, but she only had R2,660 left over for debt repayment – after her basic expenses were deducted.
|Gold cheque account||19.75%||R356|
|Gold credit card||18.00%||R978|
|Gold card||17.50%||R 1,323|
|Car finance||13.00%||R 1,789|
National Debt Advisors made sure that Mrs V could afford her debt payments’
Now, here are the instalments and interest rates that National Debt Advisors arranged for Mrs V with her credit providers.
|Gold cheque account||2.68%||R136|
|Gold credit card||2.68%||R955|
‘She avoided having her car repossessed or her salary garnished’
National Debt Advisors made sure that Mrs V could afford her debt payments, as well as her expenses without struggling. In this way, she avoided having her car repossessed or her salary garnished. Creditors would have taken legal action against Mrs V if it weren’t for NDA’s debt solutions!