How does a Cape Town debt counselling company help?

The main role of a Cape Town debt counselling company will be to assist consumers in managing their finances and enabling them to pay off their debt, without negative legal consequences. Usually, this follows a similar process:

  • The consumer applies for debt review and may either be accepted or rejected
  • Their finances are reviewed by the debt counsellor and their budget restructured to prioritize debt payments
  • The counsellor negotiates with the creditors to lower payments to fit the new budget
  • A payment distribution agency is recruited to handle the actual payments
  • The consumer is given a clearance certificate when all debts are paid
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DEBT COUNSELLING IN CAPE TOWN | How does debt counselling help?