Guiding consumers since 2009

Debt Consultation - Debt Counselling | Debt Help from Justmoney

By Staff Writer

Debt Consultation at Justmoney

Debt consultation is a word that is often confused with debt consolidation, but debt consultation might also refer to ‘debt management’ or even ‘debt counselling’.

In essence, debt consultation means consulting with a debt expert to analyse your situation and determine where exactly you stand with your finances. This can be done through a FAIS accredited financial advisor or through a debt counsellor. The debt consultation will determine whether you are over indebted and whether you need to seek further assistance.

If, during your debt consultation, it is determined that you have too much debt and you cannot keep up with your payments, you might be as be offered the option of debt management or debt counselling.

You are not obliged to enter into anything, though, and if you would like to get a second opinion and go for another debt consultation, you can do so.

If you have had a debt consultation from various different companies and they all find you to be over indebted and struggling with debt , getting help with your debt is strongly advisable. Seeking debt help after a debt consultation will prevent your credit record being damaged any further and will also, in really bad cases, prevent repossession and even court orders and even having to file for bankruptcy.

While debt consultation might help you realize that you are in deep amounts of debt, debt management will be a good option if you simply need a little bit of room to breathe.

Important to remember that, no matter what the situation, you should always do proper research before making a final call on what your course of action will be.

Recent Articles

Featured Ensure your family doesn’t feel the impact of your retrenchment

Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from feeling the impact of retrenchment.

Someone got injured on my property – now what?

Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog. 

Are you ready for a house upgrade?

You moved into your home knowing one day you would need to make some changes to turn it into your dream home - add a new bedroom, a second bathroom, build a double storey or even move out.

How income protection can help you when you’re sick

Your greatest asset is probably your ability to earn an income, which provides a certain lifestyle and the capacity to take care of your dependants. That’s why it’s so important to protect your income against unforeseen illness or injury and to provide for your dependents after your death.

Deals

Baby Boom Toy Specials

Price: Available on request
When: Daily
Where: Online

Readers’ Warehouse Book Bundle Deals

Price: From R40
When: While stocks last
Where: Online

Bidorbuy Crazy Wednesdays

Price: From R1
When: Daily
Where: Online


Latest Guide

Complete guide on personal income tax