Professional Debt Counselling by NCR registered Debt counsellors – Mpumalanga

Debt counselling Mpumalaga

Debt counselling and debt review by registered debt counsellors Mpumalaga

We Can Help You Get Debt Free‎ and prevent legal action and repossession

Lower Monthly Payments‎  by up to 60%

Free Debt counselling applications (T’s&C’s apply)

Dont wait

If you are in arrears with your accounts, don’t wait for legal action to start. Get protection TODAY

Debt counseling process

The debt counselling process is very easy to understand. You basically get the opportunity to pay a reduced monthly repayment towards your debt

Important questions

Is this a loan?

Absolutely not. Debt counselling is not a loan

Can I exit debt counselling?

Yes you can. At any time you can withdraw from the process

Is debt counselling binding to my creditors?

Debt counselling is the only process where your original agreement can be altered and be enforced

When to use debt review

If you are struggling every month to repay your debt at the cost of the quality of your life then you must consider debt review

While debt review reduces your monthly repayments it allows you to provide better for your family because it leaves you with more disposable income

Free debt counseling assessments

We provide free debt counselling assessments and we do not charge joining fees

Contact us today for debt counselling and debt review in Bronkhortspuit, Middelburg (Mpumalanga), Witbank, Pelgrimsrus, Lydenburg, Burgersfort, Belfast, Nelspruit, Ermelo, Evander, Trichard, Kinross, Amersfoort, Waterval Boven, Waterval Onder, Machado Dorp, Graskop, Sabie, Hazyview, Bosbokrand, Sabi Sands, Klaserie, Hoedspruit, Marloth Park, Skukuza, Steelpoort and the rest of South Africa

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What is a credit counselor

What is a credit counselor

A Debt counselor is a person that completed all the prescribed training and acquired the relevant qualification in Terms of the National credit Act. All debt counselors should be registered with the National Credit Regulator (NCR) and should be able to provide new consumers with a NCRDC registration number and proof that the registration is up to date.

Help with Debt, Debt counselors, are qualified and registered debt counselors and work all over South Africa

If you need debt review or debt counseling advice please visit our website today

http://www.helpwithdebt.co.za

 

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Professional Debt Counselling by NCR registered Debt counsellors – South Africa

Professional Debt Counselling by NCR registered Debt counsellors – South Africa

Facebook header Pretoria

 

We Can Help You Get Debt Free!‎ and prevent legal action and repossession

 

Lower Monthly Payments‎  by up to 60%

 

Don’t wait untill it is too late

 

Free Debt counselling applications (T’s&C’s apply)

 

 

 

Dont wait

If you are in arrears with your accounts, dont wait for legal action to start. Get protection TODAY

 

Debt counseling process

The debt counselling process is very easy to understand. You basically get the opportunity to pay a reduced monthly repayment towards your debt

 

Important questions

Is this a loan?

Absolutely not. Debt counselling is not a loan

Can I exit debt counselling?

Yes you can. At any time you can withdraw from the process

Is debt counselling binding to my creditors?

Debt counselling is the only process where your orginal agreement can be altered and be enforced

 

When to use debt review

If you are struggling every month to repay your debt at the cost of the quality of your life then you must concider debt review

While debt review reduces your monthly repayments it allows you to provide better for your family because it leaves you with more disposable income

 

 

Free debt counseling assessments

We provide free debt counselling assessments and we do not charge joining fees

 

Cape Town debt counselling and debt review, Durban debt counselling and debt review, Johannesburg debt counselling and debt review, Soweto debt counselling and debt review

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Debt counselling Pretoria

Debt review and debt counselling Pretoria

Help with debt assist clients in Pretoria, Groenkloof, Waterkloof, Moreletapark, Mooikloof, Woodhill, Faerie Glen, Gezina, Wonderboom, Montana, Sinoville, Karenpark, Waverley, Villeria, Doornpoort, Doornkloof, Zeekoegat, Die Poort, Leeufontein, Silver Lakes, Lynwood, Brooklyn, Hatfield, Centurion, Highveld, Eldoraign, Kloofsig, Murrayfield, The Glen, Silverton, East Lynne and Eersterust  and the rest of South Africa

Before a debt management company such as Help with Debt can assist any client with their debt problems, the process of debt review needs to be undertaken. Debt review assists the debt management company in identifying the debt problem at hand, and finding the suitable solution.

Help with Debt performs a thorough debt review process on all their clients, ensuring that all needs are identified, and an accurate solution created.

Help with Debt offers the following to their clients who are searching to undergo debt review:

No upfront fees

No additional loans

One very affordable monthly payment to creditors

No interviews unless you want to have a free consultation

Contact Help with Debt today, and let them assist you through their debt review services.

Contact Details:

Contact Number: 073 053 7756

Fax Number: 086 519 4004

Email: info@helpwithdebt.co.za

Website:http://www.helpwithdebt.co.za

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What is debt counselling – video

When a consumer (client) realizes that he/she is over indebted and that some arrangements have to be made to make sure all monthly repayments are met.

The consumer contacts a registered Debt Counselor who supplies a regulated form 16 and assists with the completion thereof. As soon as this form is completed the consumer will have formally applied for debt review in terms of the Act.

All requested documentation as on the application form is supplied by the consumer within 5 days of signing the form 16.

With the information and supporting documents supplied by the consumer the debt counselor now informs all the known creditors of the consumer that the said consumer has applied for debt review. This is done with the regulated form 17.1 as well as 17.2

A formal analysis is done by the Debt counselor to determine if the consumer is indeed over indebted. This is a very simple calculation once all information has been taken into account. A consumer can only apply for debt counseling if his/her monthly disbursable amount (Nett income minus living expenses) is LESS than the amount required to service all obligations. AS EXAMPLE ONLY. If the consumer only has R5000 to pay his/her debt after the living expenses have been accounted for, and the total monthly debt repayments are R6000 the application would be a success.

If the consumer is indeed over indebted according to the above method all creditors would be informed of this for their record.

The restructuring process can now begin. The Debt counselor will now restructure and renegotiate all credit agreements and present these proposed terms to all creditors. This new proposal will then restructure the consumer’s monthly commitments to be more affordable and ensure that all credit agreements get something every month.

The new proposal will now be sent out to all the creditors after it has been approved by the consumer. Should all creditors agree to a consent order that new arrangement will be made an order of court. If there are some creditors who don’t agree to the restructuring a court date will be allocated for the matter to be heard. At this hearing the magistrate will have no choice to grant the order if the debt counselor acted in terms of the Act and subsequently restructured the debt accordingly.

All disbursements of contributions will be handled by a registered Payment Distribution Agency (PDA). The PDA is regulated and governed by the Act. As soon as a restructuring proposal is agreed on by the consumer payments of the distribution amount will be paid over from the consumer directly to the PDA. The PDA in turn will disburse with the funds as per the restructuring proposals.

The Fee structure:

Debt counselors are entitled to a maximum of R6000 plus VAT for single applications

The Act allows for the following payment of Debt counselor fees as well as Legal fees.

The first payment made by the PDA will pay the debt counselors fee

The second payment will pay the legal fees

The third payment will be the first payment that creditors receive. This is done so that consumers don’t have to pay any money that they might not have up front, and to make the process affordable.

When the payments are being made to the creditors by the PDA there will be some agreements that will be paid up before others. As soon as this happens the Debt counselor must restructure the payments again to make sure any creditor is not paid more than he must receive and to disburse the surplus equally between the other to ensure that the process runs smoothly. For this the Debt counselor is entitled to a 5% after care fee not exceeding R400.

 

Questions about debt counselling

Should your spouse apply with you?

If you are married in community of property, you and your spouse must apply for Debt Counselling together, as the law sees your joint estate as one single estate.

If you are married with an ante-nuptial contract, you can apply for Debt Counselling on your own. Your application will only cover your own income, assets and debts, but you must disclose if any of your assets or debts are jointly owned, i.e. not just in your own name.

Traditional African marriages are regarded as being in community of property, while Islamic religious marriages are regarded as being out of community of property.

How will your credit report be affected?

Your credit report will show that you have applied for debt review until a clearance certificate is issued. If you withdraw / your application is terminated / cancelled, this will be shown on your credit record for 6 – 12 months.

When all your debts are paid, a clearance certificate can be issued, and all history of Debt Counselling will be erased from your credit report.

Can you exit Debt Counselling before all your debt is paid up?

Yes. There are four ways that you can exit the process:

* You can choose to voluntarily withdraw from the process at any time.
* Your Debt Counsellor can cancel your application if you are dishonest, don’t disclose all your financial details or fail to follow instructions or advice.
*Your Debt Counsellor can also reject your application if your affordability installment is too low to create a reasonable proposal for your credit providers.
* Your credit providers can terminate debt counselling if you fail to make payments according to the final proposal, if your credit providers are dissatisfied with the amount you can afford to pay or if the requirements of section 86 of the National Credit Act are not met.

NB – Once you have exited the process, your credit providers can immediately take legal action against you for the full outstanding amount owed to them.

Can you access more debt?

No. You cannot and may not apply for any further credit while under Debt Review. This means you cannot use your overdraft, credit cards, retail accounts or any other type of debt. If you apply for further credit while under Debt Review, your application will be cancelled.

Can you skip payments to your credit providers at any time?

No. Although you cannot afford to pay the full installments on all your debts, you must make reduced interim payments to all your credit providers each month to show your commitment to repay your debt. It is your responsibility to make sure that your credit providers receive payment every month, even once the PDA starts making payments on your behalf.

Can you pay more than the amount on the final proposal?

Absolutely. You should continually try to increase your affordability, by increasing your income, reducing your expenses and selling unnecessary assets, to pay off your debt as fast as possible.

If you receive an increase, bonus or any extra income, please let the Debt Counsellor know so that we can pay extra on your debt. This will make your credit providers more likely to consent to your proposal, and will help you to pay off your debt faster.

Can any of your accounts be excluded from Debt Counselling?

If you have received a letter of demand or Summons for a specific account before you sign this Form 16, the credit provider can require the account to be excluded from Debt Counselling. If this happens, you will have to make voluntary arrangements with that credit provider to pay off the debt.

If you have referred the Summons to an attorney, you should inform your attorney that you have applied for Debt Counselling.

Why should you cancel the debit orders that pay your debt?

To avoid double payments when the PDA starts making payments on your behalf.

Also to avoid any of your credit providers deducting more than the amount allocated to them in the final proposal, and not leaving enough for the remaining credit providers. This does not apply to debit orders for debts that cannot be included under Debt Counselling. Please follow up with your bank to make sure that your insurance and other policies will continue to be paid in full.

Why should your salary be paid into a savings account?

To avoid “money grabbing” or “set off” by the bank. While you are under Debt Counselling, you will not be able to access any overdraft facilities. Therefore, if your salary is paid into an account with an overdraft, your salary could be “set-off” to the full amount owed. If your salary is paid into a savings account, you can pay off your overdraft in smaller installments.

Should you keep paying your full insurance premiums?

Your home and vehicle must be insured. This is often a condition of your financing contract. You must keep paying the full installment for insurance and other policies, even while you are under Debt Counselling. The same applies to your rates and taxes as well as maintenance and services for your vehicle.

How long will the whole process take?

According to the National Credit Act, you should have a payment plan and a Court Date within 60 working days (about three months). The actual Court Date will depend on the specific Court.

Paying off all your debt depends on how much you make available to pay. You should be able to pay off your debt between five to seven years if you don’t have a house or car, and 10 to 30 years if you do.

What happens when the Court considers your final proposal?

The Court will consider whether all the steps in terms of the National Credit Act were taken. They will also consider whether they feel the final proposal is a reasonable solution for all parties. If your credit providers oppose the Court application, they will have to consider the credit providers’ arguments, and request certain changes before they can make an order.

Once the Court has made an order, it will be binding on both you and the credit providers. This means that your credit providers must accept payments as per the Court Order, but it also means that you cannot miss any payments, or your credit providers will immediately be able to get a garnishee order against you or repossess your assets. Once the Court has made an order, you will not be able to withdraw from Debt Counselling.

What is debt review and how does it work?

skuldberading suid afrika

HELP WITH DEBT/ HULP MET SKULD is a young and innovative company established with the
purpose of rescuing people from their dire state of financial distress in today’s economic climate.
1. When a consumer (client) realizes that he/she is over indebted and that some arrangements
have to be made to make sure all monthly repayments are met.
2. The consumer contacts a registered Debt Counsellor who supplies a regulated form 16 and
assists with the completion thereof. As soon as this form is completed the consumer will have
formally applied for debt review in terms of the Act.
3. All requested documentation as on the application form is supplied by the consumer within 5
days of signing the form 16.
4. With the information and supporting documents supplied by the consumer the debt counsellor
now informs all the known creditors of the consumer that the said consumer has applied for
debt review. This is done with the regulated form 17.1 as well as 17.2
5. A formal analysis is done by the Debt counsellor to determine if the consumer is indeed over
indebted. This is a very simple calculation once all information has been taken into account. A
consumer can only apply for debt counselling if his/her monthly disbursable amount (Nett
income minus living expenses) is LESS than the amount required to service all obligations.
AS EXAMPLE ONLY. If the consumer only has R5000 to pay his/her debt after the living
expenses have been accounted for, and the total monthly debt repayments are R6000 the
application would be a success.
6. If the consumer is indeed over indebted according to the above method all creditors would be
informed of this for their record.
7. The restructuring process can now begin. The Debt counsellor will now restructure and
renegotiate all credit agreements and present these proposed terms to all creditors. This new
proposal will then restructure the consumer’s monthly commitments to be more affordable
and ensure that all credit agreements get something every month.
8. The new proposal will now be sent out to all the creditors after it has been approved by the
consumer. Should all creditors agree to a consent order that new arrangement will be made
an order of court. If there are some creditors who don’t agree to the restructuring a court date
will be allocated for the matter to be heard. At this hearing the magistrate will have no choice
to grant the order if the debt counsellor acted in terms of the Act and subsequently
restructured the debt accordingly.
9. A Very important consideration when applying for debt counselling will be who handles your
money! Debt counsellors are not allowed to handle any money from consumers except for the
application fee along with the retainer for early cancellation.
10. All disbursements of contributions will be handled by a registered Payment Distribution
Agency (PDA). The PDA is regulated and governed by the Act. As soon as a restructuring
proposal is agreed on by the consumer payments of the distribution amount will be paid over
from the consumer directly to the PDA. The PDA in turn will disburse with the funds as per the
restructuring proposals.
11. The Fee structure:
Debt counsellors are entitled to a maximum of R 6000 plus VAT for single applications and R
6000 plus VAT for a joint application.
The Act allows for the following payment of Debt counsellor fees as well as Legal fees.
The first payment made by the PDA will pay the debt counsellors fee
The second payment will pay the legal fees
The third payment will be the first payment that creditors receive. This is done so that
consumers don’t have to pay any money that they might not have up front, and to make the
process affordable.
12. When the payments are being made to the creditors by the PDA there will be some
agreements that will be paid up before others. As soon as this happens the Debt counsellor
must restructure the payments again to make sure any creditor is not paid more than he must
receive and to disburse the surplus equally between the other to ensure that the process runs
smoothly. For this the Debt counsellor is entitled to a 5% after care fee not exceeding R300.
13. As soon as all debt has been cleared the debt counsellor will release the consumer from debt
review and issue him/her with a clearance certificate. All records will also be removed from
the credit bureaus
14. Should a consumer’s situation change for the better and they are in a position to repay all
monthly obligations as they were before the restructuring they will be allowed to be release
from debt counselling. Although nothing is binding, any consumer can leave the process at
any time for any reason
HELP WITH DEBT/ HULP MET SKULD has formed partnerships with various service providers to
offer the following services as noted below;
• Back office services to us as debt counsellors / consultants within the prescribed framework
of the new credit act.
• Ability to assist with the complete Debt Review service, from processing the application, up to
and including the PDA (distribution) phase.
• Assistance with the capturing and processing of the application.
• Preparation and the forwarding of the form, notices
• Calculating and preparing the offers to creditors
• Negotiations with Creditors on behalf of the Debt Counsellor. This saves a lot of time, as we
have established excellent relations with the appropriate negotiators at the offices of the
creditors.
• Liaising and communicating with the PDA (Registered Payment and Distribution Agency) on
behalf of the Debt Counsellor
• Preparation of information for the payment and distribution phase
• Monitoring of the monthly payments from clients as well as distributions to creditors
Integrated PDA (Registered Payment and Distribution Agency)
With the Debt Review and Debt Administration products we have negotiated the advantage of having
an integrated PDA (Registered Payment and Distribution Agency) facility which makes our service
unique, more sufficient and trustable.
• One of only five PDA’s in the country approved by and registered with the National Credit
Regulator
• 9 years’ experience in the field of Payment and Distributions
• Expertise and experience utilized to develop own custom-made software programme
specifically aimed at the Debt Counselling industry
• Excellent reputation in the industry regarding the handling and management of trust accounts
and trust funds, resulting in outstanding established relations with all major creditors
• Experienced auditing team with vast experience in the field of debt consolidation, as well as
payment and distribution functions
• Development of the PDA done with continued input from the National Credit Regulator
• The PDA Partner distribution system is fully integrated with the Debt-Wise software
programme, which was developed primarily for use in the Debt Counselling industry. This
allows for effortless automatic transfer of client data
• PDA Partner offers a comprehensive real-time reporting system to both the Debt Counsellor,
as well as the national Credit Regulator
• The software hosts an extremely reliable record-keeping and backup function
• Excellent system security resulting in peace of mind for all subscribers
HELP WITH DEBT/ HULP MET SKULD brings to the table a rich source of knowledge of local market
needs, marketing expertise and systems-related capability that paves the way for instant transacting
with customers in need. These skill and experience, in conjunction with quality service and
unassailable leadership, translates into a fair degree of market dominance over the next 2 years.
Should you have any further questions about debt review please do not hesitate to contact us
Regards
Help wit debt – Deb counselling Firm