Debt Management

What is Debt Management?

Debt management is a debt solution targeted at South Africans who struggling to make debt repayments, but are not yet classified as over-indebted.

DebtBusters debt consultants will help clients organise an affordable, realistic and structured monthly budget and debt management plan. Debt management also consists of helping clients, facing financial difficulties, solve their debt problems and empower them to take back control over their financial situation by negotiating with creditors and initiating a payment plan. Debt management will provide clients with a guideline for eliminating and remaining out of debt.

Benefits of debt management:

  • DebtBusters debt management consultants offer free, unbiased and expert advice on how to reduce debt
  • A debt plan will enable clients to stay on top of their finances
  • Debt repayment plans and budgets are tailored to the individual financial particulars of the client
  • Educates clients on how to reduce and manage debt, negotiate payment terms with creditors and constructively become debt free by gaining financial independence
  • Helps clients keep control of their money and make well informed decisions about monthly debt payments
  • Supplies clients with structured and helpful debt management tools needed to gain financial independence
  • Reduces debt repayment amounts and increases cash flow by managing debt

Read what DebtBusters clients have to say about us, in our DebtBusters case studies section.

 

More Articles about Debt Management

December
15

New Year’s Resolutions for your Budget

The New Year is right around the corner and you are probably planning a number of resolutions that you are hoping to adhere to in 2017. The New Year is not only a time to review your personal goals, but also a fresh start for your financial goals.

November
22

Creating a tailored budget for the holiday season

It is easy to get carried away with our spending habits during the festive season, and it is often only at the end of the holidays that we realise the extent of all the extra expenses we incurred as well as the damage that our shopping impulses have done to our bank accounts, adding to the financial baggage.

November
18

Shop smart this festive season

Arriving at the festive season is both gratifying and daunting. On the one hand all the glare and glitter around the festivities are really exciting. But on the other there is that dreary feeling that all these things comes at a price, one that might just be out of reach.

September
19

Easy ways to manage your debt

The management of debt has become increasingly difficult in the modern era. Access to debt is so readily available that we can easily forget the difference between money that is really ours and money that we borrow but have to pay back again. As these two become confused, we can find ourselves in a downward spiral into a seemingly bottomless pit

August
8

Celebrating Women’s day the DebtBusters way

In South Africa Women’s day marks the day when women took to the streets in their numbers and marched to the Union Building to protest against carrying of a pass book. As we celebrate this historic date let us not get carried away, forgetting to stick to our budgets and overspending.

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