Posted on Nov 25, 2019

Credit Salvage Corporation SA (Pty)Ltd

Debt Counselling: A Simple Guide for 2019

Ever heard of the term Debt Counselling? In the article, we will tell you everything you need to know about this life-changing process. Whether you are struggling to repay all your debts due to the high South African cost of living or you have defaulted on your current financial obligations, below we are going to tell you how you can deal with this situation. We will also tell you how debt counselling will relieve the pressure of over-indebtedness.

As we are living in a time of local and global financial crises, many of us have debts that are difficult to manage. Most South African consumers become over-indebted who are looking for financing to cover existing debts. When a consumer fails to repay their debt obligations within time, or the total debt repayments monthly become more than his net income, this situation in South Africa is also known as being over-indebted

Many people are still unfamiliar with the term debt counselling and how it works. So let us first explain and discuss what debt counselling is.
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