How much DEBT is to much?

The Debt Counsellor
Jan 18, 2017
2 min read

This is a question that most people struggle to answer. We have found that this question are being asked more lately in smaller towns like Mosselbay, George, Great Brak River, Little Brak River, Knysna and along the Garden Route, Eden areas in Western Cape. Why? do you ask. The reason why the smaller towns along the Garden Route and Eden areas in Western Cape are more frequently asking these questions is because of the low salary income. All over South Africa as a result of the poor growth in the economy, consumers are struggling with Debt. The living cost rises by the day and consumers falls into the trap of making more and more debt to survive. This however is not the solutions to repay your debt and increases your chance of being over indebted. Now, how would you know that your are over indebted. If you are in arrears with accounts or if you are unable to pay your living cost after accounts payments then you are most likely to be over-indebted. The problem that arises from this is that consumers try and resolve their debt by making more debt oans. If you are struggling with debt in Mosselbay or George or are concerned that you will not be able to make payment in fall in arrears with your creditors, we suggest that you contact a registered Debt Counselor to assess your financial status and restructure your payment plan. Debt Counselling can protect you from legal action. In the Garden Route, Eden ,Western cape area you can contact Control Debt for professional help in DEBT REVIEW. Our services is to help every individual to achieve financial control and become Debt Free.