By Eddy Silveira, Founder and Managing Director at Debt-Savvy
Hi, my name is Eddy, Founder and Managing Director at Debt-Savvy, and today I am going to teach you about the benefits of debt counselling. Here at Debt-Savvy we help people hundreds of South Africans each month with their debts, with over 85% of clients choosing the debt counselling option to formally manage their debts. Debt counselling can help South Africans who can't afford to keep up with their payments. This is what you need to know about debt counselling by Debt-Savvy:
"Debt counselling is a formal and legal process introduced by the National Credit Act in 2007 to help South Africans manage their debts. Debt-Savvy is licensed (NCRDC2530) by government to assist people to apply for debt counselling and each month Debt-Savvy helps hundreds of clients to apply for debt counselling."
Debt-Savvy has mandates with over 90% of credit providers in South Africa, allowing us to quickly extend the terms of your loans if you need help, and reducing your interest rates down to zero if needed. We can speak directly to your lenders and immediately stop them so you can review your finances.
Benefits of debt counselling:
One of our friendly Debt-Savvy Financial Consultants will formally review your finances and credit obligations, and create a new sustainable budget for you. We will contact your lenders (banks, clothing stores, furniture, stores, etc) on your behalf and negotiate a better payment plan for you. This new payment plan will suit your budget and will only be what you can afford to pay each month.
Debt-Savvy can assess your credit agreements over the phone and see if you qualify for a solution. If you qualify we can send you a link to register. Once we accept your application we will cancel your debit orders for you. We do this by contacting your banks on your behalf after you sign the Debt-Savvy Debit Order Cancellation Form. Contact Debt-Savvy today, and live a carefree life tomorrow.
Registration can be done online using our mobile app.
We are the first debt management firm in South Africa to specialise in matters of consumer finance. Our clients come from all 9 provinces of South Africa, and we help them to:
Our financial technology allows us to keep our fees 20% lower than industry norm. We can match any quote!
For the first time in my life my accounts went into arrears because of unexpected hospital bills. Before I knew I was borrowing again and again, until I got trapped in the debt cycle. I saw an advert on Facebook from Debt-Savvy, so I contacted them and someone phoned me immediately to explain the law to me. I realised that I could renegotiate with my lenders and I have legal rights!
As a government employee the banks are always willing to lend to us. They lent me so much that I could not afford to pay it back and also provide food and school fees for my children. I contacted Debt-Savvy, and Sharleen explained to me that banks are not allowed to do "reckless lending". She explained that the lenders took advantage of me and that I can use debt review as a solution.
When I realised that I could never afford to keep up with my payments I became depressed about my debt. I was so embarrased and I thought it was my fault. I was too afraid to ask my work, family or friends for help. That's when I saw an advert for Debt-Savvy. They spoke to my lenders for me and were able to negotiate an instalment I could afford. I wish I had acted sooner.