So when should a debt advisor be brought in


National debt advisors is a registered debt counselling firm in South Africa. As the festive season is approaching a lot of people will spend a lot and end up in huge debts that might lead in one loosing property or getting blacklisted, January is also coming fees must be paid, rent and all other bills needs to be settled and you might find yourself borrowing more than your income and that will strain you or even lead to depression.

Hence, we had a conversation with, Rene Moonsamy from The National Debt council discussing all legal procedures that should be taken when one is owing a company, what can be done to prevent property loss and being blacklisted.

 Rene spoke about a debt review which is a debt release measure provided in terms of the national providers act. It helps with consumers that struggle to pay their debt, a debt councilor comes in to negotiate to reduce your interest rate or installments and your payments to an amount that is affordable to you.


 So when should a debt advisor be brought in: 

 - When you use your credit card to purchase groceries or pay other debt during the month.
- Skipping payments on your accounts.
- If your avoiding phone calls from credit providers.

 It will help you to bring in a debt councilor to avoid you from being harassed. 

Moonsamy also said debt collectors do not have a right to harass debtors and advised people to stay out of huge debts this festive season.

By: Thomas Cedrick

Comments

Post a Comment

Popular posts from this blog

Rudy van Dieman to summit Table Mountain 365 times in 2022, to raise funds for building a community orphanage

Image
Rudy van Dieman, who has partnered with Angels South Africa, an organisation based in Colorado Park, Mitchells Plain, will summit Table Mountain 365 times in 2022, to raise funds for building a community orphanage. Angels SA wants to purchase a house that will become a safe house for children. ‘’Farieda Moses, [Founder of AngelsSA] has been a role model to me since I knew her. She took us on a camp and we stayed in contact after that ,and we done various charity work together. Just her will, and her strength that I see in her - she wants to make such a big change, but don’t have the necessary tools, so it will take years to fund her dream, and I came up with the crazy idea to give it a year and do my part to raise those funds and build that house,’’ said van Dieman. He aims to raise R1 Million through backabuddy https://www.backabuddy.co.za/champion/project/angels-sa-project-365 PICTURED: Rudy van Dieman Sakhi Sizwe · Rudy Van Dieman summits Table Mountain to raise funds to
Read more

In May we recognize Child Protection Week!

Image
Child Protection Week is an annual observance dedicated to raising awareness about the rights and well-being of children. It typically includes a series of events, campaigns, and activities aimed at promoting child safety, preventing abuse, and advocating for policies and practices that support children's healthy development.  Molo Songololo is a registered non-profit organization that promotes the rights and protection of children and youth, and especially girls. Their work aligns with the goals of Child Protection Week, focusing on advocacy, education, and empowerment to create a safer and more inclusive environment for children. Sakhisizwe got to speak with Patric from Molo Songololo. In our conversation we discussed the programs they have implemented to support children's rights and protection looking specifically about their programs for young girls who are the most at risk. We were informed of their collaborations with local communities, schools, and government agencies a
Read more

DON CALYA SIGNS WITH UNIVERSAL MUSIC

Image
  ARTIST DON CALYA SIGNS WITH UNIVERSAL MUSIC PUBLISHING RELEASED NEW SINGLE, COUNT ON YOU “Count on you was written from a personal experience, so emotionally I was going through a love/hate kind of thing”- Don Calya Singer Don Calya SA based artists who is known for her outrageous and dramatic performances. She most featured on a song titled OUR LOVE. Also featuring on a track with Breeze Zulu Bass King. Don continues to ride the wave of her success with a recent sign with Universal Music Publishing and released a new single COUNT ON YOU. Most recently, Don Calya appeared on the Joox South Africa Live platform, performing in two virtual shows. She also performed on So Far Sounds Cape Town’s Instagram Live, featuring in Sportscene’s WEEKEND TURN-UP Segment. Born in the small town of George, South Africa but bred in Sydney, Australia, the young artist had always been a ‘music head’. Her primary and high school days were spent owning the stages as she took part in musicals,
Read more