10 Jun Struggling with Debt? Try This Legal Solution
At True North Debt, we work with consumers to provide effective debt counselling services. What does the current credit landscape look like for South Africans? A recent report showed that 40% of credit-active consumers in South Africa are over-indebted – about 12 million people. These statistics indicate how difficult it has become for households to afford daily expenses, as the cost of living continues to rise. If you are struggling with debt, try this legal solution.
There are many ways to improve your financial well-being. We can show you how to lower your spending habits and maintain a good credit score, but it is up to you to enforce good habits. If you’re over-indebted and unable to keep up with your expenses, debt help is available. Our team of qualified and registered debt counsellors specialise in debt counselling.
The Debt Counselling Difference
There are immediate and long-term benefits to debt counselling. To begin with, you instantly benefit from a restructured payment plan that suits your budget and what you can afford. This has a significant improvement on your finances, as you can manage important costs more easily. Another immediate benefit is the protection offered by the National Credit Act. During debt counselling, you are protected from legal action – your assets cannot be repossessed, and frustrated creditors may not contact you to harass you for payments.
In the long term, your financial health improves, and you can steadily rebuild your credit score. Life gets easier after debt counselling, and you can appreciate the little things without constant money stress. Use our debt review calculator to get an idea of how much you could save and what your new monthly repayment might look like. Struggling with Debt? Try this legal solution and benefit from financial relief.
When to Apply for Debt Counselling?
The moment you find that you cannot afford your debt repayments and living expenses, you can apply for debt counselling. If you are over-indebted, this is the right debt help system for you. We will perform reckless lending checks, negotiate reduced payments with your creditors, and work out a new debt repayment plan that matches your monthly budget. As you work towards becoming debt-free, know that we’re right by your side to get you there!
Our True North Debt team is here to offer support and expert advice, guiding you through every step of the process. If you’re struggling with debt, this legal solution is aimed at getting your finances in order and helping you manage creditor repayments. You can become debt-free through debt counselling, with our help. Contact us today to get started.