Consumers may be wary of applying for debt counselling in Pretoria, but they should also take into account that there are certain criteria that needs to be met in order to qualify for debt counselling in Pretoria. Below will follow a few of the more important facts to consider before apply for debt counselling in Pretoria. Unnecessary applications tend to slow down the system and thus it is best to avoid these.
Firstly a consumer should be able to provide proof of income when applying for debt counselling in Pretoria. With debt counselling it is important to understand that it does not make debts vanish, it only finds a manageable way for consumers to pay their debts with their current income. It is therefore essential that consumers be employed and have proof of income. This also gives the debt counsellor a baseline idea of how much a consumer can spend on debts per month.
Secondly – consumers should not wait too long before applying for debt counselling. Debts that have already taken a legal route will be excluded from the application. Thus debt counselling can protect a consumer against future legal action but it cannot make current legal actions go away.
Lastly a consumer should be well and truly over-indebted. This means that their monthly income no longer suffices to cover their debt payments, and as a result they need the intervention of debt counselling in order to reduce the payments due.
If you meet these criteria, consider looking up debt counselling in Pretoria, and finding a way to set the balance on your finances right again.
Article written by: Andrea van Tonder 07-2013