Unable to cover your living expenses?

According to Government and Private Sector statistics, over 7 million consumers are over indebted and require urgent Debt Counseling.

The National Credit Regulator (NCR) was established as the regulator under the National Credit Act of 2007, and is responsible for the regulation of our credit industry. One of the tasks of the Act is a call for debt counseling. The new law requires that consumers be referred to counseling before any legal action be taken against them for non-payment of debts. This is not really happening.

All of us today are managing some debt or other.  What with the easy availability of loans and easy access to credit cards, most people find themselves buried in debt before they even realize it. The Credit Act makes provision for debt counselors to assist debt-strapped consumers who cannot meet their monthly account repayments and who want to be declared over-indebted and restructure their debt, but consumers mustn't misunderstand the purpose of debt counseling, perceiving it to be the means to escape their repayment obligations.

REDUCE YOUR MONTHLY DEBT INSTALLMENTS BY 50%

AND PROTECT YOUR HOME, CAR AND FURNITURE

FROM REPOSSESSION

At Professional Debt Consulting we are dedicated to assisting our clients at every step of the way on their path to financial stability. We offer a personalised service to cater for individual's specific situations and operate across South Africa with our head offices in Fourways (Johannesburg North), and our national call center in Johannesburg CBD.

Professional Debt Consulting differs from other debt companies in that we offer a comprehensive range of services and solutions, not simply Debt Counselling . Our services vary from free consultation and advice to informal Debt Management plans and formal Debt Relief processes.

Whether or not our clients own property makes no difference - we have a solution to help all and our priority is to solve your debt problems immediatly and create a management plan to stay debt and stress free. Our team of debt consultants takes a personal approach, assisting clients throughout the process and our dedicated client services and legal team is there to offer up to date information about your specific case when you require it. If all our clients need is some assistance with budgeting to better manage your personal finances, we will offer our expertise without charge or obligation.

Our Debt Counsellors are fully qualified and compliant with the National Credit Regulator (NCR) so you can be sure that the advice you receive from us is of the highest quality

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NEWS HEADLINES

COSATU warns of further job losses

The Congress of South African Trade Unions is warning of further job losses due to the global recession. The labour union is calling for a new economic growth path following a loss of about a million jobs. Cosatu had predicted a million job losses for 2010, the figure already stands at 959 000 for the year 2009. It estimates the number of unemployed people to be at 4.7 million. Cosatu General-Secretary Zwelinzima Vavi says they want to pursue a developmental state that is going to make the interventions safe. 

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[Business Report]

150 000 SA consumer under debt review by Xmas

Consumer debt is spiralling with 150 000 consumers expected to be under debt review by Christmas, the National Credit Regulator (NCR) said on Tuesday. The NCR said the 100 000 consumers presently under debt counseling owed R20 billion of which R12 billion was mortgages. Even if the economy began a slow recovery, for at least 18 months there would be a rising number of consumers applying for debt relief.

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[The Citizen]

Banks support consumer debt programmes: Coovadia

JOHANNESBURG - The banking industry fully supports programmes designed to rehabilitate indebted consumers, the Banking Association SA said on Thursday.

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