Hoe verander skuldberading my finansiele posisie?
Baie kliente se eerste vraag aan Hulp met skuld, skuldberaders is die volgende:
“Hoe lank neem die proses, want die bank hou nie op om ons te bel nie”
Die antwoord is maklik: Volgens die Wet moet die proses van skuldberading binne 60 dea afgehandel wees. Om dinge maklikker te maak, van die dag van die aansoek om skuldberading en skuldhersiening gebring is, tot by die toestaan van die hofbevel – 60 dae.
Meeste kliente raak dan bekommerd en se hulle het nie so lank om seker te wees dat kredireure nie verdere stappe teen hulle gaan neem nie. MOENIE bekommer nie. As verbruikers vandag om skuldberading aansoek doen, is hulle volgens die wet onder skuldberading en skuldhersiening. Die 60 dae prose swat die Wet daarstel is net on formaliteite aft e handel. Die formaliteite het niks met die verbruiker se status te doen nie.
As u dus regsaksie in die gesig staar, die gevaar loop dat u voertuig of eiendom deur die bank teruggeneem gaan word, ontspan, u kan om skuldberading en skuldhersiening aansoek doen en van vandag af nog u bates beskerm en seker maak dat daar geen verdure regsaksie teen u ingestel word nie.
Skuldberading en skuldhersiening is vinnig, goedkoop en dit werk.
Sunday, June 6, 2010
Saturday, June 5, 2010
Prevent property and vehicle repossession
My car or property is about to be repossessed...what now?
When you are in arrears with your accounts the two most important assets you will want to protect is your car and your house. If you allow these assets to be repossessed by the bank, those cars and assets will be sold on auction. The reality of auction repossession sales is that there will always be a shortfall. This means that you as the account holder will still be liable for the amount in shortfall.
Lets say your property has a bond valued at R850 000 and this property only gets a bid of R500 000 on auction, you will still be liable for that shortfall of R350 000. The same goes for vehicles and other loose assets. Let me be very honest with you guys. If you don’t have the money to pay for your property or vehicle and it gets repossessed, where will you get the money to pay the shortfall? Worst of all you will still have to pay for something that you no longer own.
What can we do to help you prevent repossession of vehicles and property?
Help with Debt is registered with the NCR to be debt counsellors. We are able to stop all legal action against you and prevent the repossession of vehicles and property. Should you apply for debt counselling and debt review, we will lower your current payments on all your debt so that you can afford to pay it and keep all your assets.
You don’t need property to apply for debt counselling and debt review in South Africa. All you need is to be able to show income and have debt. Most importantly, you must have the desire to pay off all your debt as per the restructuring proposal that the debt counsellor will provide you with.
If you face vehicle or property repossession, please contact us as soon as possible and allow us the opportunity to give you free advice on how you can prevent the repossession.
Looking forward to hear from you.
When you are in arrears with your accounts the two most important assets you will want to protect is your car and your house. If you allow these assets to be repossessed by the bank, those cars and assets will be sold on auction. The reality of auction repossession sales is that there will always be a shortfall. This means that you as the account holder will still be liable for the amount in shortfall.
Lets say your property has a bond valued at R850 000 and this property only gets a bid of R500 000 on auction, you will still be liable for that shortfall of R350 000. The same goes for vehicles and other loose assets. Let me be very honest with you guys. If you don’t have the money to pay for your property or vehicle and it gets repossessed, where will you get the money to pay the shortfall? Worst of all you will still have to pay for something that you no longer own.
What can we do to help you prevent repossession of vehicles and property?
Help with Debt is registered with the NCR to be debt counsellors. We are able to stop all legal action against you and prevent the repossession of vehicles and property. Should you apply for debt counselling and debt review, we will lower your current payments on all your debt so that you can afford to pay it and keep all your assets.
You don’t need property to apply for debt counselling and debt review in South Africa. All you need is to be able to show income and have debt. Most importantly, you must have the desire to pay off all your debt as per the restructuring proposal that the debt counsellor will provide you with.
If you face vehicle or property repossession, please contact us as soon as possible and allow us the opportunity to give you free advice on how you can prevent the repossession.
Looking forward to hear from you.
Thursday, June 3, 2010
Good vs Bad debt counsellors
What is the difference between a good debt counsellor and a not so good debt counsellor.
Clients often don’t have a choice as to who they will use to do their debt counselling and debt review. Many clients think that it is needed to see only a debt counsellor in their area. This is not the case. You can consult with any debt counsellor about your application for debt review and debt counselling. Next question. How is this possible if my debt counsellor is in Johannesburg and I am in Cape Town. Easy answer. The internet and phone lines. With today’s technology and fast paced lifestyle the process of debt counselling and debt review can be done without the client and the counsellor ever having to meet face to face. We here at Help with debt, with our extended family of friendly consultants, always like to have a more personal experience with our clients.
Let’s get to the point.
How do you know which Debt counsellor to choose to handle your application for debt review and debt counselling?
Firstly you have to make sure that the said debt counsellor is registered in terms of the National Credit Act and with the National Credit regulator. This can be done by contacting the NCR or visiting their website.
You must then make sure that the debt counsellor who will be handling your application actually wants to handle the application rather then just handling the fee you have to pay him. This is absolutely crucial. This debt counsellor will be “in charge” of your debt repayments for a long as you allow him to be. If he is only after the fee, he will not ensure that your creditors get paid according to the restructured agreement. He might forget to remove a paid up creditor and allow you to pay that creditor more than he deserves. Altogether, this debt counsellor might forget about your file entirely. Where does that leave you? Right where you are now.
Why is Help with debt, debt counsellors different?
• We provide a complete analysis of all your income and expenses to ensure that the amount you have to contribute to the Pda is the right one for you, not us
• We ensure that we provide you with a good budget and help you to stick to that budget
• We make sure that we look at your payments as they go through. This way we can keep track of all payments and “soon to be paid up” accounts.
• We would like to help you understand the rights you have as a consumer and educate you in handling your finances better so that you don’t become trapped in debt again.
• We want you to call us as much as you like to find out whatever you want.
Clients often don’t have a choice as to who they will use to do their debt counselling and debt review. Many clients think that it is needed to see only a debt counsellor in their area. This is not the case. You can consult with any debt counsellor about your application for debt review and debt counselling. Next question. How is this possible if my debt counsellor is in Johannesburg and I am in Cape Town. Easy answer. The internet and phone lines. With today’s technology and fast paced lifestyle the process of debt counselling and debt review can be done without the client and the counsellor ever having to meet face to face. We here at Help with debt, with our extended family of friendly consultants, always like to have a more personal experience with our clients.
Let’s get to the point.
How do you know which Debt counsellor to choose to handle your application for debt review and debt counselling?
Firstly you have to make sure that the said debt counsellor is registered in terms of the National Credit Act and with the National Credit regulator. This can be done by contacting the NCR or visiting their website.
You must then make sure that the debt counsellor who will be handling your application actually wants to handle the application rather then just handling the fee you have to pay him. This is absolutely crucial. This debt counsellor will be “in charge” of your debt repayments for a long as you allow him to be. If he is only after the fee, he will not ensure that your creditors get paid according to the restructured agreement. He might forget to remove a paid up creditor and allow you to pay that creditor more than he deserves. Altogether, this debt counsellor might forget about your file entirely. Where does that leave you? Right where you are now.
Why is Help with debt, debt counsellors different?
• We provide a complete analysis of all your income and expenses to ensure that the amount you have to contribute to the Pda is the right one for you, not us
• We ensure that we provide you with a good budget and help you to stick to that budget
• We make sure that we look at your payments as they go through. This way we can keep track of all payments and “soon to be paid up” accounts.
• We would like to help you understand the rights you have as a consumer and educate you in handling your finances better so that you don’t become trapped in debt again.
• We want you to call us as much as you like to find out whatever you want.
Wednesday, June 2, 2010
How long to wait for debt counselling
We often get the following scenarios that can have the result that debt counselling and debt review actually outs you off much worse than your current situation. What happens if consumers wait too long after they realise that they are in financial distress before they apply for debt counselling and debt review. The answer is very simple yet there is a complex reasoning behind the answer.
If you leave your accounts to get so far in arrears and then apply for debt counselling, Help with debt, debt counsellors cannot guarantee that we will be able to lower that specific repayment. The reason being is that your creditors are forced to first bring your arrears amount up to date before they can start paying off your capital. Furthermore, the National Credit Act only allows consumers under debt counselling and debt review to extend certain agreements for a maximum period. This is also dependant on the age of the agreement. For instance, if you have only a few months left on your original contract term but you are in arrears with almost half the agreed amount, the period cannot be extended so much that you will benefit from debt counselling. I had a new client today that was more that 22 months in arrears with a finance agreement that only had 8 months (original) contract term left. The result was that the restructured payment for that account was almost R200 more than his original instalment.
This brings me to my next example. Normally if I get clients that are not in arrears with accounts but foresee a difficult financial future, I am almost guaranteed to more than halve their payments.
Bottom line. The sooner you make a plan to sort out a dismal financial situation, the better. Banks and other credit providers respect clients that are precaution and make arrangements through debt counselling and debt review sooner than later. If the credit providers have to phone trace and keep on asking you for money they will view you as a risk.
If you feel that you need some more information on the process of debt counselling and debt review, please do not hesitate to contact us.
Help with debt!
If you leave your accounts to get so far in arrears and then apply for debt counselling, Help with debt, debt counsellors cannot guarantee that we will be able to lower that specific repayment. The reason being is that your creditors are forced to first bring your arrears amount up to date before they can start paying off your capital. Furthermore, the National Credit Act only allows consumers under debt counselling and debt review to extend certain agreements for a maximum period. This is also dependant on the age of the agreement. For instance, if you have only a few months left on your original contract term but you are in arrears with almost half the agreed amount, the period cannot be extended so much that you will benefit from debt counselling. I had a new client today that was more that 22 months in arrears with a finance agreement that only had 8 months (original) contract term left. The result was that the restructured payment for that account was almost R200 more than his original instalment.
This brings me to my next example. Normally if I get clients that are not in arrears with accounts but foresee a difficult financial future, I am almost guaranteed to more than halve their payments.
Bottom line. The sooner you make a plan to sort out a dismal financial situation, the better. Banks and other credit providers respect clients that are precaution and make arrangements through debt counselling and debt review sooner than later. If the credit providers have to phone trace and keep on asking you for money they will view you as a risk.
If you feel that you need some more information on the process of debt counselling and debt review, please do not hesitate to contact us.
Help with debt!
Tuesday, June 1, 2010
Quick debt counselling process explained
The debt counselling and review company of Help with debt offers a debt counselling and debt review services to all South Africans, where we offer HELP to clients struggling to meet their full monthly debt repayments and as a result struggle to survive. As a part of our debt counselling and debt review services, we help over-indebted clients restructure their total debt obligations in a way which is affordable to them, as assessed by the HELP WITH DEBT, debt counsellor in charge of the application. The Application for debt review and debt counselling will be conducted in terms of the National Credit Act no 34 of 2005, as well as governance by the National Credit regulator (NCR).
The HELP WITH DEBT, debt counsellor will:
• perform the debt review process,
• prepare a restructured payment plan for client
• and then propose this to their credit providers for acceptance.
Our well-organized admin team will notify all your credit providers that you have applied for debt review and debt counselling, and then negotiate a restructuring new payment plan with all your credit providers. The objective of this process is to obtain a consent order from the court to start paying debts as agreed by all parties involved. If credit provider disagrees with the restructure plan, and cannot propose a reasonable counter-offer, then the case will be referred to a magistrate’s/tribunal court and our attorneys’ will defend your matter in court.
We look forward to help you in creating a better cash flow for your living conditions to better.
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