Debt Consolidation

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Soliloquy

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Fourways, Johannesburg
Hi guys and gals,

So I got myself into some debt some time ago, and now I want to get out.

The question here is what are my best options in debt consolidation, who to choose as I don't know what I owe to who and how much?

I just want to add that I'm currently under debt review and my purpose of this thread is to get my name cleared.

Any advice would be much appreciated. Thanks.
 
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Soliloquy said:
Hi guys and gals,

So I got myself into some debt some time ago, and now I want to get out.

The question here is what are my best options in debt consolidation, who to choose as I don't know what I owe to who and how much?

I just want to add that I'm currently under debt review and my purpose of this thread is to get my name cleared.

Any advice would be much appreciated. Thanks.
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If you are under debt review, you need to speak to your debt counsellor.

No one will give you a new loan (debt consolidation is still a new loan). No one.

That you don't even know who you owe and how much is very scary. I really suggest you speak to your debt counsellor
 
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JStrike said:
If you are under debt review, you need to speak to your debt counsellor.

No one will give you a new loan (debt consolidation is still a new loan). No one.

That you don't even know who you owe and how much is very scary. I really suggest you speak to your debt counsellor
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Yes scary I know. I made bad choices. None the less any good debt counsellors you know of? I'm very new to this so please excuse my lack of knowledge in this area.
 
Soliloquy said:
Yes scary I know. I made bad choices. None the less any good debt counsellors you know of? I'm very new to this so please excuse my lack of knowledge in this area.
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Surely you got one when you went under debt review?
 
Are you sure you are under proper debt review and not "debt review"? As mentioned above you should have a debt councillor so theres doubts about what you are actually under.

Personally R8400 is not a large amount of debt as far as I am concerned. Not to trivialise even that moderate amount however- you should just offer and start paying back R500 or whatever a month. Even if they say no. These debt councillors are simply another expense and unless you are legally compelled to use them stay far away.

If the person/company you owe wants to issue summons then firstly do not ignore or else they will get default judgment. I would put in a motion to defend and explain to the Magistrate how you are paying off R500 a month. Watch how quick he chucks them out of court.

Disclaimer: The above is my personal opinion and not legal advice.
 
Freshy-ZN said:
Are you sure you are under proper debt review and not "debt review"? As mentioned above you should have a debt councillor so theres doubts about what you are actually under.

Personally R8400 is not a large amount of debt as far as I am concerned. Not to trivialise even that moderate amount however- you should just offer and start paying back R500 or whatever a month. Even if they say no. These debt councillors are simply another expense and unless you are legally compelled to use them stay far away.

If the person/company you owe wants to issue summons then firstly do not ignore or else they will get default judgment. I would put in a motion to defend and explain to the Magistrate how you are paying off R500 a month. Watch how quick he chucks them out of court.

Disclaimer: The above is my personal opinion and not legal advice.
Click to expand...

Just phoned the people I owe money to. Will pay them directly. Not going through any debt counsellors. Thanks
 
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