confidential debt counselling and debt review

The Confidential Debt Counselling and Debt Review can help you apply for protection of debt review, giving you legal protection from your creditors in terms of the National Credit Act 34 of 2005.

The Debt Counsellors at Confidential Debt Counselling are friendly and courteous with over 20 years of Debt Counselling experience. The Registered Debt Counsellor is a qualified Chartered Accountant is experienced within the financial sector.

CONTACT DETAILS

Registered Physical Office: 2nd Floor • Block C • Bueno Vista Office Park
Corner of Kendal & Durban Road (Durbanville Avenue)
Durbanville • 7550

Get yourself in contact with Registered Debt Counsellors in Cape Town, Durbanville:
Mike Mustoe CA(SA) – NCRDC1870
or
Donna de Vries

confidential Debt Counselling counselors cape town
confidential Debt Counselling counselors cape town

Apply online for a debt consolidation loan

When you apply for a debt consolidation loan, there are a few thing that websites ask for when you apply for a debt consolidation loan online (keep this information handy when you apply):

  • Whether you are blacklisted
  • Your personal information such as marital status and ID number
  • You banking details, including your bank account details
  • Employment details such as employee number, frequency of salary
  • Income. Gross/Nett income, expenses (calculate these carefully)
  • Spouse/next of kin information. This is to verify other information

As always with loans, you should have the following documents:

  • South African ID
  • Salary slip
  • Proof of address
  • 3 months bank statements

Before all of this is sent out, make sure that you have agreed to their terms and conditions, and you are happy with the interest rate that they will charge you. Getting a debt consolidation loan can be can be simple, and how you can get it is also explained here.
To apply please go here!

Pre-qualification on loans for blacklisted

Get pre-qualified for loan if you are a blacklisted individual by getting these 4 steps right:

  • Be a South African citizen
  • Be permanently employed, and receive a monthly or fortnight salary.
  • You must have received your salary into the same bank account for at least three months
  • You must be able to show that even though you are blacklisted, with the expenses you currently have you can afford the loan

What thing will disqualify you for a loan for blacklisted people?

  • Nothing will disqualify you faster than if you are a commission earner, as you are unable to guarantee that you will receive the same amount of money every month
  • If you are under debt review, under administration, sequestration or liquidation

Contact us to have someone get back to you…

Debt Counselling South Africa

Debt has become very much a problem for South Africans in the past couple of years, and getting out of debt has become a major priority for the government of South Africa as shown when the National Credit Act made provision for Debt Counselling in South Africa. It introduced the act after consultation with the Debt Counselors Association and began to institute the guidelines and rules that debt counselors should follow.
This has brought about many debt counselors, or companies that act as if they can get into the business of debt counselling. But, there are rules as to the fees that a debt counselor can charge, as naturally, a person who is in need does not need more debt piled on by people who claim they can help the.

There are rules and to find out more about debt counselors and debt counselling please follow this link, or click on the contact us page to send an email using the form, we will get the relevant debt professionals to get back to you.

Choosing between debt counsellors in South Africa

There is a maze of companies that help people with debt, and picking through the ones you think are best suited can be daunting because you realize that you actually will have to have a relationship with that company for a long period of time. But choosing who to go with a certain debt counsellor need not be daunting as South Africa has great legislation around debt through the NCR and its national credit, and it is through this legislation that you can be able to choose the correct debt counselling.
The first thing that will help you in choosing between debt counsellors is to see which debt counselling services comply with law. Do a check with the NCR as all debt counselling institutions have to be registered. This is to ensure they comply with the law and have safe practise. Read more on counselling.
There are guidelines as to what fees debt counsellors may charge. This is until the fees have been finalized by the department of trade and industry.
In terms of the guidelines, a Debt Counsellor may receive the following amounts in respect of consumers with an individual gross income of more than R2 500.00 per month
or household income of more than R3 500.00 per month:
An application fee, recoverable directly from the consumer upon receiving an application for debt review, limited to R50 as prescribed by the Act.

A rejection fee of R300.00 in respect of consumers whose applications have been
rejected in terms of section 86(7) (a);

A restructuring fee of the lesser of the first installment of the debt re-arrangement
plan which is capped at R3000.00 (excluding Vat), in respect of a consumer whose
applications have been accepted in terms of sections 86(7) (b) or 86(7) (c). (Should
a joint application be required the fee can be increased to R4000.00 (excluding
Vat)).

Should a Debt Counsellor fail to submit proposals to Credit Providers or refer the
matter to a Tribunal or a Magistrate Court within 60 business days from date of the
debt review application the Debt Counsellor has to refund 100% percent of the
fee paid by the consumer.

A monthly after-care fee of 5 percent (excluding Vat) of the monthly instalment of
the debt re-arrangement plan up to a maximum of R300 (excluding Vat), for a period of 24 months, thereafter reducing to 3 percent (excluding Vat) of the monthly
instalment, to a maximum of R300 (excluding Vat), for the remaining period of the
debt re-arrangement plan.

Should the consumer wish to withdraw from the process after the Debt Counselor
has completed the restructuring negotiations a fee equal to 75 percent of the
restructuring fee as per 1.3 above is payable by the consumer;

Legal fees, if and when they occur, may be recovered from the consumer provided
the amount of such fees are disclosed up-front to the consumer and agreed to in
writing by the consumer.

You have the right to negotiate this fee.

Second of all you should look for a debt counsellor that is genuinely interested in helping you. Staff that is reluctant to help and seem unfriendly will only make you feel uncomfortable to be in such a relationship with the company for long periods of time. They should be willing to help you in reducing your monthly expenditures, setting up your budgets, reducing bad debts and giving advice on how to live a much healthier and wealthier financial lifestyle.

Why you should try debt counselling

Debt Counselling

South Africa has recently had a lot of people fall into the debt trap by over-extending themselves and taking out a lot of credit which, despite the national credit’s act’s attempts, people can’t afford at all. You might have fallen into debt and now realize that it is time to change and clean up your credit history. There are a number of ways to clear your debt, and one of the most effective is to get yourself debt counselling.

Debt counselling is a way for you to manage the paying off of your debt, and what many do not realize is that it is actually a way for you to finish off paying your creditors, your debt does not get excused as this is not a bankruptcy plan. The process involves you working with a debt counselor so that they may help you set up your budgets, help reduce the monthly repayments amounts to your creditors, and in some cases to reduce your debt by negotiating lower interest rates.

Debt counselling also helps you to see how you can avoid bankruptcy, manage your debts better, see which debts are bad for your financial well being and help you figure out a budget for you.

It is legally required that you be fully employed and receiving a salary so as to show that you are able to service your current debts.You will have to be classified as over-indebted in order for you to be protected by debt counselors

If you would like to find out more about debt counselors, follow this link.

cash loans for blacklisted people

Cash Loans are available for people who are blacklisted, and just like normal people with good credit blacklisted people also have access to these same facilities. Unlike the main banks like FNB, Absa and others, these facilities are available through indepedent credit providers.

What can you do to increase your chances of getting a cash loan?

Start by making sure your documentation is in order. Loan lenders always must be a South African citizens between the age of 18 and 65 earning more than R3000 per month. If you earn weekly/fortnight wages, this can be calculated, the main thing is to be permanently employed.

The next important thing with cash loan for blacklisted individuals is to have proof of address. This is what most lenders require from you to grant you the loan. However, if you are under administration, under debt review, undergoing sequestration or your expenses do not meet the standards set out by the NCR, you may not qualify. But by all means, do APPLY with credit providers.

If you would like more help please go to my contact page.

Direct Axis loan consolidation

Direct axis is one of the credit providers that can help you consolidate your debt. They have a product called the “Personal Loan Account Consolidator” which helps you consolidate your debt into a much more affordable loan.

The product works because you are reducing interest rates and other overhead charges by paying only one lender, or loan for that matter. This is done by calculating your accounts payments and seeing if by paying them off through the personal loan account consolidator you will have saved yourself money in the long run.

They also offer car finance, personal loans and other loans.

Before rushing to take the loan, visit their hellopeter.com page to see if they truly are the best in the loan consolidation business.

Debt consolidation loans and how they can help

There are a number of ways debt consolidation loans have helped people and it is by helping people not to default on the debt payments of get a bad credit record. A debt consolidation loan puts together all your debts so that you can pay off your debts and breathe a little easier the next few months.
A debt consolidation loan differs from a personal loan in that this can be large amounts of cash at your disposal. The interest rate is often lower and is payable over a longer period of time than a personal loan.
How else can they help individuals?
–    By putting your debt in one manageable loan.
–    By reducing the risk of defaulting on your high interest rate loans
–    By having one major loan to service you are less likely to be seen as a high risk by credit providers
–    By reducing the amount payable each month, you can breathe easier because you have a set budget that services the loan
You will have to consider a few things before rushing out to find yourself a consolidation loan, and this includes what the loan is for and how much you need in order to cover your existing loans.

Get help with personal loans: people with bad credit

debt consolidation loan

Personal loans are available even if you have bad credit. The issue most people with bad credit have is that they are afraid of getting rejected by the big banks like FNB and Absa when they apply for personal loans.
The good news is that banks are not the be all and end all of creditors, other institutions also provide loans for people with bad credit. These independent companies are also registered credit providers and help people with personal loans. A quick search on the internet reveals countless number of credit providers willing to help.
What help is there for people with bad credit records?
You can put through an online loan application for people with bad credit and get a reply within the same day. They will assess your credit score and see how much you qualify for. The qualification is often stringent as they will have to assess your expenses as per NCR’s rules.
Make sure you qualify by making sure of the following:
• You must be permanently employed
• You must be a permanent resident of South Africa
• You must be between 18 and 65 years old
• You must have a monthly take home of a reasonable amount after all your monthly financial obligations including the newly added consolidation loan
• A salary that has been deposited into the same account for more than 3 months
How much do you qualify to get a personal loan for?
You can get as much as R 200,000 if you can show you are able to qualify for the personal loan. It also can be as little as R 1,000 if that will help you through the month. It also depends on the reason you give for requesting the loan. If you can prove why you would like the loan you can get as much as R 200,000 or whichever the maximum allowed amount by specific lender.