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 Keeping your money safe when travelling overseas

Whether it’s for business or leisure, overseas travel offers you the opportunity to see and experience more of the world. However, it does come with risks, and financial fraud is not the least among them.

The differences between assets and liabilities

There are many investments you’ll make in your lifetime, some of them worthwhile, others not so much. It seems reasonable to imagine that solid investments are assets, and their poorly-performing counterparts are liabilities.

How to avoid being a victim of ATM theft

In South Africa, ATM theft is a big problem. We have a look at what you can do to stay safe while using an ATM, and we consider a couple of tips that are worth keeping in mind.

Should you always buy property with a view to sell?

Property is one of the most significant investments you’ll ever make. Not only does it potentially provide you with a home, but it can offer you a source of rental income, or attract a profit if you decide to sell.

Deals

Black Friday at Hotel Sky

Price: R1,050
When: 25 - 28 November 2021
Where: Sandton and Cape Town

Mangwanani African Spa’s Black Friday Deal

Price: From R699
When: 19 - 26 November 2021
Where: Nationwide

Sundowners special at the President Hotel

Price: Available on request
When: Daily
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions