Advertorial Are you struggling to pay your debts?

2015-05-14 06:00

YOU are not alone as there are currently in excess of 9.9 million South Africans who are in arrears on their car repayments, house loans and credit agreements.

Debt issues lead to societal problems such as depression, stress, relationship/family problems and crime as the affected parties struggle to deal with the burden.

Many people turn to micro lenders or “Loan Sharks” to try and meet their monthly expenses and prevent their assets from being repossessed.

The exorbitant interest rates, fees and insurance on these loans result in the situation getting worse with little hope of recovery.

Fortunately the National Credit Act was introduced in 2007 to protect consumers and offer relief through the formal debt review­ process. - Supplied.

If your expenses exceed your income you are able to register with a qualified Debt Counsellor who:

• Provides you and your assets with immediate protection from your creditors;

• Deals with your creditors for you so no more irritating calls;

• Assesses your financial position;

• Negotiates reduced instalments with your credit providers;

• Investigates reckless lending on your behalf;

Locally based National Debt Counsellors assists thousands of distressed consumers every month to get their lives and finances back on track

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