Debt Counselling Sea Point

If you are struggling with debt, you may feel overwhelmed and hopeless. You may even have to rely on credit to pay for your basic needs, which only makes your debt grow. At Debtco Group, we understand your situation and we want to help you with our professional Debt Counselling Sea Point service.

Debt Counselling is a legal process that was introduced by the National Credit Act (NCA) in 2007 to help consumers who are over-indebted. This means that you cannot afford to pay your monthly debt instalments and your living expenses at the same time. If this applies to you, you can apply for our Debt Counselling Sea Point service and we will assist you in getting out of debt for good.

How does the debt counselling process work? Well, we start by assigning a Debt Counsellor who is registered with the National Credit Regulator to work with you. The Debt Counsellor will assess your income, expenses and debt obligations, and then negotiate with your creditors to lower your monthly payments and interest rates. You will then receive a new Debt Repayment Plan that fits your budget and allows you to pay off your debt in a reasonable time. Our Debt Counselling Sea Point service also takes care of the legal aspects and the communication with your creditors.

While you are under Debt Counselling, you are protected from any legal action that your creditors may take against you, such as repossession or garnishee orders. You also do not have to deal with your creditors directly, as we handle everything for you. You only have to make one monthly payment to a Payment Distribution Agency, who will distribute the money to your creditors according to the plan. Furthermore, our Debt Counselling Sea Point service also investigates if any of your creditors have given you credit recklessly, meaning that they did not check if you could afford it or not. If this is the case, we can take steps to help you.

Our Debt Counselling Sea Point service is available online, but you can also visit our offices in the Cape Town City which is less than 10 minutes from Sea Point. We are open during office hours and we are ready to help you take control of your finances. Don’t let your debt ruin your life, apply for our Debt Counselling in Sea Point today and look forward to a brighter financial future!