Debt counsellor – friend or foe?

by | Aug 7, 2020 | Personal Finance

Recently, the debt counselling industry received some bad publicity on national television. To say that it was off-putting to consumers considering debt review is an understatement!

Over the years I have heard many people share varying views on debt review. To some it is a literal lifesaver – to others it is a waste of time. To me it’s simple – how well debt review works for you, is equal in relation to how committed you are to the process.

Debt review is no quick fix to your financial problems – but it is a solution.

I know what it’s like to feel that you are drowning in debt. To feel like the walls are closing in around you. I have been there. I have felt fear of hearing the telephone ring. And I have felt the shame of lying to debt collectors. I have known the helplessness of not knowing where to turn.

However, I have also felt the relief of speaking to a debt counsellor who told me that everything would be OK. I felt the relief of having my collective monthly debt installments slashed from R 5000 /month to R2500/ m – but mostly I felt the relief of having more money left for the everyday necessities my family needed – like bread, electricity and transport money.

In addition to this I had the security of knowing that my home was safe from repossession – and that if ever a debt collector dared to call me again, that I could refer him directly to my debt counsellor. I would no longer have to endure being hounded like an animal for R129/m.

Now unless you have been there, or currently there – or feel you are heading there – you can’t possibly imagine the feeling of relief that debt review brings to you.

Knowing that I can only speak for myself, I have to acknowledge that there are many people out there who tell a different story about debt review. I believe this comes about because they have chosen the wrong debt counsellors. Every industry has its good and its bad practitioners . You get good plumbers and bad plumbers. Good electricians and bad electricians. Similarly, you get good debt counsellor and bad debt counsellors.

A good debt counsellor can save your car, your house and your life. A bad debt counsellor can make you lose it all.

Choose your debt counsellor wisely.

NB***Since you are already on the NDA page, allow one of our debt advisors to assess your situation. You have nothing to lose – and everything to gain by taking control of your finances.

Free Call Back Form

We'll Contact You!

"*" indicates required fields

Accept terms and conditions?*
This field is for validation purposes and should be left unchanged.

Related posts

How to Get a Loan Under Debt Review

How to Get a Loan Under Debt Review

How to get a loan under debt review   If you're wondering how to get a loan under debt review, your debt counsellor should inform you that you will not be allowed to until you settle your debts. So what is debt review and how does it work? Debt review is a legal...

Writing A Letter Of Demand: Essential Steps

Writing A Letter Of Demand: Essential Steps

Have you ever found yourself in a situation where you've tried everything to get paid, but nothing seems to work? Enter the letter of demand. This is often the final step you take before starting legal proceedings. A letter of demand clearly states how much money is...

How to Sell My Car Safely: A Comprehensive Guide

How to Sell My Car Safely: A Comprehensive Guide

Selling your vehicle Handling car payments can be tricky, especially when it gets to a time where you can no longer afford the monthly installments. A great option to get yourself out of the mud, selling your car before you miss any payments, and using the proceeds to...