Y-Schoultz Debt CounsellingAt the end of a successful debt review process, the debt counsellor will issue the consumer with a clearance certificate.
Within seven days of the clearance certificate being issued, the consumer’s name will be cleared with all registered credit bureaux.
For this reason, debt review is aimed at assisting the over-indebted consumer to pay all debts in structured manner, and should never be seen as something negative, but rather as a positive process available to the over-indebted consumer.
After the restructuring of your debts, you will pay a single monthly amount to the payment distribution agent, who will on your behalf distribute the monthly amounts due to your creditors.
This will ensure that you do not accidentally forget to pay a creditor, and it also takes away stress from you.
Anyone can apply for debt counselling, whereafter a qualification process will follow.
It is important that the over-indebted consumer should have an income, in order to pay the renegotiated monthly installments towards the credit providers.
Should the over-indebted consumer be married in community of property, a joint application for debt counselling will be made.
Debt counselling offers the over-indebted consumer the opportunity to act proactively when drowning in debt.
Advantages of debt counselling:
