Debt Counselling

Ye, id be interested aswell since on sat im going to the bank :( hoping they'll give me some sort of suspended payment on my accounts
 
Aren't they a bit too much like liquidators? I heard that once you go to them you have to do as they 'advise'. Fsuk that thanks.
 
I can recommend a guy from Cape Town. He presentations at a place I was working a while ago. PM if required.
 
What sort of help do they provide though?
 
EDIT ^^^ WHAT HE SAID

What does it involve, debt counselling, I don't need it, my credit card is only at -60,000, I was just curious :P
 
Mephisto_Helix said:
Aren't they a bit too much like liquidators? I heard that once you go to them you have to do as they 'advise'. Fsuk that thanks.
Click to expand...

They're not like liquidators at all. They are counsellors, and it might be good if one does as they say if in a position that brought you to one of them. They assess your financial situation and draw up a plan that you should follow to get rid of your debt.

There is one rule, however, you must stop making use of credit facilities if you are under debt review.

For those that rely on their credit card to get through the month, don't worry... You submit a detailed budget of ALL your expenses,including daily things like lunch, petrol, etc.

They enable you to live within your means and keep the sheriff from fetching your furniture...
 
hi i'm new here :)

i also think i am in need of a debt counsellor, i have made a lot of bad desicions regarding money or should i say money i didnt have. i am in a very deep hole and not sure where to turn right now. its gotten so bad that i am pretty depressed :(

My question is, is a debt counsellor going to be able to help me? what do they usually charge? as i dont really have a lot of money to play with at the moment.
 
Hi guys
I'm a registered debt counsellor and would be happy to answer specific questions you may have.

just from reading the thread so far, i would like to point out a couple of things though:
firstly, the debt counsellor acts as your agent so its a case of them giving u direction and advice - it remains for u to decide whether u want to follow it. I'd say it's important to build up a working relationship and find someone u trust is looking out for your best interests.
secondly, in terms of costs, you are required to pay R50 upfront with your application - after that the fees are built into your monthly debt repayment. this has been specifically designed to make debt counselling affordable to people in financial difficulty.
and my last point is the sooner u seek financial help, whether it be from a debt counsellor, a financial coach or your bank, the easier it is to manage the problem. most people tend to ignore the problem until they start getting threatening letters which means that they are already in arrears.
e-mail me on [email protected] if you would like an excel format budget or if u'd perhaps just like to get an opinion - it's free :)
 
I am busy building a directory of Debt Counselors on the mydebt.co.za website, I've found it VERY hard to get hold of debt counselors, and the one referred to me by NCR was a nightmare!
 
It seems like a lot of people are in major debt :(
I'm going to try and consolidate my debt before I end up in crap.
 
I have a huge directory of Debt Counselors. If anybody interested in it then send me a reply.:)
___________________________________
rocky34
Credit Card Debt
 
http://mybroadband.co.za/vb//showpost.php?p=1895141&postcount=77

some thoughts.....well google is free, no offense but there are a multitide of easy plans out there free of charge that will help you get out of debt. The thing is, even if you had R10K a month more you would still be broke and credit cards maxed out. Debt is a behaviour. You will continue to repeat the cycle until you figure out that you should never have a credit card, clothes and food must be bought cash, furniture and appliances..and entertainment in whatever form must always be bought cash. 2nd hand cheapy cars are just as good and there's no shame in renting untill you really can afford to buy. Give it up. Free yourself. Sell all your cr@p if you must. Debt Free is a state of mind first. You can always start over. You do not have to go down with the ship. Sell your house. Sell your car. Sell your furniture! Pay it off and walk away free!!!
 
BTech said:
http://mybroadband.co.za/vb//showpost.php?p=1895141&postcount=77

some thoughts.....well google is free, no offense but there are a multitide of easy plans out there free of charge that will help you get out of debt. The thing is, even if you had R10K a month more you would still be broke and credit cards maxed out. Debt is a behaviour. You will continue to repeat the cycle until you figure out that you should never have a credit card, clothes and food must be bought cash, furniture and appliances..and entertainment in whatever form must always be bought cash. 2nd hand cheapy cars are just as good and there's no shame in renting untill you really can afford to buy. Give it up. Free yourself. Sell all your cr@p if you must. Debt Free is a state of mind first. You can always start over. You do not have to go down with the ship. Sell your house. Sell your car. Sell your furniture! Pay it off and walk away free!!!
Click to expand...

That's the best advice anyone can ever!
 
ps..no matter what you earn, after food, shelter and transport, and some stocks say at least R500-00p . Irrespective if you Rent or buy your home. Always have 50% of your salary left! That way you will alwyas have enough cash on hand to give yourself a livable daily allowance for you. That is why you work!!
 
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