It is no secret that as South Africans we are facing tough times. Because of this many people have become dependent on unsecured debt and more specifically ‘pay day’ type loans to get by. You may be one of many that are ‘sandwiched’ by debt, because you have to support not only yourself and your children, but also your parents. It is important that you understand that you are not alone. There are a number of social and economic factors that are contributing to the financial pressure that you and many other South Africans are feeling.
28 November 2012
What do I do if one of my credit providers contacts me directly to make a new arrangement?
If you are under debt review with DebtBusters we would have already negotiated with your creditors on a repayment plan, as we are currently achieving a 92% success rate. If a credit provider or debt collector, does contact then contact DebtBusters and we will advise you on the best debt solution for your needs. Never make any arrangements with a credit provider without discussing it with DebtBusters, as this can have a negative on your whole repayment plan with the other credit providers. Unfortunately some debt collectors will use tactics, such as ‘we don’t have you under debt review’ or ‘we terminated your debt review’. This is why it is vital you contact DebtBusters on 0869 99 06 06 or www.debtbusters.co.za.