Archive for the ‘News - R1,7 Billion!’ Category
IMPORTANT NEWS
January 8th, 2010 | 
Author: Debt Counselling in S.A.
Since the debt counselling review process began in June 2007, more than 123 000 consumers had applied for debt review by the end of October 2009. (Peter Setou – NCR)
In May 2008, the monthly repayment from consumers under debt counselling was just R8,96 million.
By August 2009 payments from consumers under debt counselling had leapt to R97 million.
By September it grew another R10 million a month to R107,7 million.
in October those receiving debt counselling paid R125,84 million back to creditors in that month alone.
Debt Counsellors have been able to achieve massive benefits to both creditors and consumers.
Repayments made by consumers amounted to just over R1,7 billion this year!
Consumers are urged to go for debt counselling if they felt stressed.
If you are already having to skip one repayment so that you can meet another, this is a clear signal that you are over-indebted and that you should contact a debt counsellor.
You may voluntarily approach a debt counsellor for help if you believe you are over-indebted (see “How to make contact if you need help”, below).
You may also be referred to a counsellor by either a creditor or the magistrate’s court if a creditor takes legal action against you.
You are not alone! ……..
On average, South Africa had 9,000 – 10,000 new applicants for debt counselling each month.
Should you find yourself in debt, actively analyze your situation with the help of a Debt Counsellor, and begin a debt repayment plan a.s.a.p.
We as South Africans under debt review, need to realise that we have been thrown a lifeline.
By agreeing to pay a reasonable amount each month you can avoid repossession of assets and legal proceedings.
FILL IN OUR 24 HOUR CONTACT FORM / FREE CALL-BACK FORM NOW!
We will contact you a.s.a.p. to discuss your specific needs and make sure your assets are secured and protected against repossession.
We will evaluate your situation and propose a new re-payment plan, saving you thousands in monthly costs (40% – 60%) … for your approval, and then start our negotiations with your creditors.
We look forward to providing you with our best service and ongoing support, while we assist you to restructure
and regain control of your current temporary financial crisis.
Please also feel free to forward any questions you may have, and/or SMS your tel. no. and we will phone you!
Note that if your counsellor is in the process of drawing up a repayment plan for you, this does not entitle you to a “payment holiday”.
Once your repayment plan has been drawn up, you must commit to meeting your repayments each month, and the onus is on you to ensure they are met.
Repayments made by consumers
amounted to just over R1,7 billion last year!
The Debt Counselling/Debt Review process began in June 2007, more than 150,000 Consumers had applied for Debt Review by the end of October 2009. (Peter Setou – NCR)
In May 2008, the monthly repayment from Consumers under Debt Counselling was just R8,96 million.
By August 2009 payments from Consumers under Debt Counselling had leapt to R97 million.
By September it grew another R10 million a month to R107,7 million.
in October those receiving Debt Counselling paid R125,84 million back to Creditors in that month alone.
Debt Counsellors have been able to achieve massive benefits to both Creditors and Consumers!
Repayments made by consumers amounted to just over R1,7 billion last year!
Figures for repayments to creditors are based on information from Debt Counsellors, the National Credit Regulator and Payment Distribution Agents.
Consumers are urged to go for Debt Counselling if they felt stressed.
If you are already having to skip one repayment so that you can meet another, this is a clear signal that you are over-indebted and that you should contact a Debt Counsellor.
You may voluntarily approach a Debt Counsellor for help if you believe you are over-indebted … (see “How to make contact if you need help”, below).
You may also be referred to a Debt Counsellor by either a Creditor or the Magistrate’s Court if a Creditor takes legal action against you.
You are not alone! ……..
On average, South Africa had 9,000 – 10,000 new applicants for Debt Review each month.
Should you find yourself in debt, actively analyze your situation with the help of a Debt Counsellor, and begin a debt repayment plan a.s.a.p.
We as South Africans under debt review, need to realise that we have been thrown a lifeline.
By agreeing to pay a reasonable amount each month you can avoid repossession of assets and legal proceedings.
How to make contact if you need help:
FILL IN OUR 24 HOUR CONTACT FORM NOW!
We will contact you a.s.a.p. to discuss your specific needs and make sure your assets are secured and protected against repossession.
We will evaluate your situation and propose a new re-payment plan, saving you thousands in monthly costs (40% – 60%) … for your approval, and then start our negotiations with your creditors.
We look forward to providing you with our best service and ongoing support, while we assist you to restructure and regain control of your current temporary financial crisis.
Please also feel free to forward any questions you may have, and/or SMS your tel. no. to 082 8072 678, and we will phone you!
OR Email us: debtreview@indc.co.za
Please Note:
-
If your Debt Counsellor is in the process of drawing up a Repayment Plan for you, this does not entitle you to a “payment holiday”.
-
Once your Restructured Repayment Plan has been drawn up, you must commit to meeting your repayments each month, and the onus is on you to ensure they are met.
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