What is a debt counsellor in Gauteng?

Because it is a relatively new occupation in South Africa, following the instatement of the National Credit Act in 2007, there is still some confusion about the role of a debt counsellor in Gauteng. Once accepting you as a client, a debt counsellor in Gauteng is responsible for managing the process of your debt clearance by legal means. They will restructure your budget considering your income and expenses. They have the power to prevent a the loss of assets or legal action by creditor, and they will negotiate reduced payments to make your monthly repayments more manageable and fit within a restructured budget.

 

  • Share article to Facebook
  • Share article to Facebook
DEBT COUNSELLOR GAUTENG | What is a debt counsellor in Gauteng?