What to do when Debt Bills start piling up?

The Debt Counsellor
Jan 17, 2017
1 min read

Debt is a pitfall trap that many South African consumers of Mosselbay, George and Knysna even has fall into. Any life event such as and or changes in the household can have a effect on the finances easy result in becoming overindebted. So what does the term overindebted mean? Well simply saying it is when all your debt installments exceeds your income and you are not able to keep up and pay them. The national credit act came in to effect in 2005 to help people in South Africa with debt couselling in Mosselbay or George even to deal with debt effectively through a legal framework. This legal framework of process is called Debt counselling or Debt Review and protects the client or consumer from further legal actions from credit providers such as repossession of goods. The Debt Counsellor is a registered person working in all towns such as Mosselbay also and who are qualified to work with debt. Whether you are living in Cape Town, Johannesburg or a small town like Mosselbay or George there is a Debt Counsellor available to help you with debt related problems.