Debt Remedy

May
25
first aid kit

Make Debt Counselling your Debt Remedy

Financial health is no different to your physical health. Just as you would seek a remedy for a cold or flu, you should also seek a remedy for any negative financial symptoms that may be showing. Attending to common financial stress symptoms quickly can help you to avoid endless stress caused by credit provider harassment and legal action. In the same way that you would prioritise sorting out general health issues to avoid bigger problems down the line, so should you prioritise sorting out your financial problems. Be aware that poor health can also be a symptom of financial stress.

7 Common symptoms of financial stress

  • You feel anxious every time your phone rings in case its someone asking for money
  • You are absent from work more often to avoid calls from debt collectors
  • You seem to always be fighting with your spouse about money
  • You don’t have enough money to pay your monthly instalments
  • You are so worried about money that you can’t sleep
  • You have to take out new loans to pay for older loans
  • You start receiving legal letters from your credit providers because you have missed payments on your accounts

Debt Counselling is your solution

Many of our clients felt afraid before signing up for debt counselling. People can become overwhelmed by the amount of debt that they have and often don’t believe there is a way out. Taking the first step is often the hardest part of the debt counselling process.

However, it is clear that the best way to remedy financial strain is debt counselling. It’s a tried and tested process and is relatively simple and easy to get started. With debt counselling, you will feel immediate relief from your debt symptoms, provided you are willing to commit to the process of paying off your debt.

Debt counselling allows you to breathe again. It stops creditor provider harassment in its tracks, reduces the interest rates you are paying and lower the amount you have to pay back each month.

DebtBusters, South Africa’s largest and most trusted Debt Counsellor is best equipped to assess your debt situation and advise you on a debt solution that gets you out of debt.

Under the debt counselling process, you will enjoy benefits such as:

  • FREE and CONFIDENTIAL debt assessment
  • CONSOLIDATED debt repayments
  • A LOWER and affordable monthly instalment
  • Reduced interest rates and fees on your accounts
  • LEGAL PROTECTION from your credit providers
  • A fresh start when you are declared DEBT FREE
  • A clean record when we issue a CLEARANCE CERTIFICATE to all credit bureaus

The DebtBusters Debt Assessment is 100% free and confidential with no obligation. Call DebtBusters on 0869 99 06 06 or visit www.debtbusters.co.za, fill out the free call back form and one of our financial assessors will call you back.

December
19

Your 2016 Debt Review Resolution

The New Year for many represents an opportunity for new beginnings and of course New Year resolutions. Many people make a list of lofty goals they would like to achieve in the New Year. For some it is buying a house, starting a business, living a healthier lifestyle or even getting out of debt.

Getting rid of debt is not a New Year’s resolution that is openly shared, but it is an issue that many people struggle with. Being over-indebted is often accompanied by feelings of stress, shame and guilt and as a result many people would never reveal to their friends, family or colleagues that they are in financial distress.

If you are struggling with debt, you are one of 10, 5 million South Africans in a similar situation. Debt review could be the best solution to help you get your life back on track. The debt review process was introduced in 2007 with the National Credit Act (NCA) when the government realised that so many South Africans were struggling with debt and were often losing assets as a result.

What is Debt Review?

Debt review is a process where a debt counsellor works with you to restructure your debt repayments to an amount that you can comfortably afford to pay. Once the new plan is in place, the debt counsellor gets an order from the court which will give you legal protection from your creditors (as long as you make a full payment every month). Once your debt is paid off, you will be issued with a clearance certificate.

How you know you need Debt Review?

If you have a regular income but are struggling to pay your monthly living expenses and debt repayments, debt review could be the best solution for you.

DebtBusters can give you a free credit check and a full debt assessment to help you understand your debt situation. They will advise you on the best way to get rid of your debt.

Why Debt Review with DebtBusters?

At DebtBusters, the award winning debt management company, you will have a personalised experience with a team of highly qualified and experienced consultants who will walk you through the process step by step. DebtBusters does all of the work for you but gives you complete insight and control through its innovative customer portal, Smartcents. DebtBusters debt counsellors go the extra mile by ensuring that you are taught how to budget and manage your finances in order to spend accordingly and keep up to date with your debt review payments.

If you need of help with your debt, call DebtBusters today on 0869 99 0606 today or fill out our free call back form on www.debtbusters.co.za. You have nothing to lose, except the debt.

July
24

DebtBusters, South Africa’s Top Debt Counsellor for 2014

DebtBusters, South Africa's Top Debt Counsellor for 2014 - The first ever Debt Review Awards was held on 19 July 2014 in Cape Town, to celebrate business excellence in debt review and to make heroes out of those who are responsible for leading the industry. Credit providers, debt counsellors and payment distribution agencies from South Africa were nominated in order to ensure that all parties in the industry were acknowledged for their efforts. The awards were separated into two categories; Public Voting Awards and Industry Panel Awards. The IDM Group, the holding company for both DebtBusters and Consumer Debt Help, is proud to announce that both respective companies walked away with awards.

April
1
DebtBusters Anniversary Cake

10 Years of Intelligent Debt Management

10 years of Intelligent Debt Management (The IDM Group). DebtBusters was founded by Ian Wason, CEO of the IDM Group, in 2008. Today marks Intelligent Debt Management's 10th Birthday!

March
28
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Credit Amnesty – What does it mean for you?

2014 Credit Amnesty and 3 things it means for you! 1. The credit amnesty does not clear your existing debt 2. If you are under debt counselling or debt administration or have been through sequestration or liquidation, these statuses will remain on your credit record. 3. The credit amnesty does not allow you to access credit as this should be based on a calculation of your affordability alone

March
20
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Debt repayments too high? We Want To Help You!

Are your debt repayments too high? Are you looking for a loan? Are your credit card and store card bills, mortgages, vehicle finance repayments and other monthly bills pushing you over the edge? If you are cash strapped at the end of the month, we can put more money in your pocket before it's time to pay your bills! It's quick and easy! And best of all, we bust your debt, not your budget! Contact DebtBusters on 086 999 0606 to find out how!

November
27
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Top tips for getting out of debt

Below are some top tips for getting yourself out of debt.

• Pay back more than you have to. Top up minimum payments on credit cards to bring down the balance.

• If you’re having trouble managing your debt, stop using credit cards until you’ve reached your goal.

• If you want something, don’t buy it unless you have the money. Money saved can go toward debt.

• Cut back on small, recurring expenses.

• Pay off the most expensive debts first. Find the one with the highest interest and work on knocking it down.

• If carrying a balance on debt, make payments as early as possible to reduce interest charges, rather than waiting for the due date. Check your contract for early-payment charges.

• Consider a quality used car rather than new. If you choose new, look for good fuel economy.

• Consider paring back by one vehicle, even temporarily.

• Stockpile groceries when they go on sale and cut out one shopping trip every month or two.

• Get a second job to tackle debt. Put all new money into paying off your debts.

• Track spending for a month and identify ways to cut back. Most people are surprised by what they learn about their spending.

• Put needs before wants.

• Get a consolidation loan. Wrap consumer debts into one loan with one payment at a lower interest rate. This only helps if you develop a budget allowing you to save some money every month. Without savings, you may need to reapply for credit cards and then pile up more debt.

• If you have enough equity in your home, you could consolidate debts into a bond. But if you don’t have a lot of equity, additional bond-insurance costs may be expensive. Talk to someone other than your lender. Avoid using your home as an easy source of money to avoid ending up at retirement age with a lot of debt, no assets and no savings.

• Talk to a credit counsellor for advice.

• Cut back on luxury expenses, such as dstv, garden services and domestic

• Cut back on cell phone expenses where possible

• Try joining a lift club to cut back on excessive traveling expenses.

Should you require the assistance of a debt counsellor please contact DebtBusters on 0869 99 06 06 or have a look at our website www.debtbusters.co.za.