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 Can you afford an ambulance in South Africa?

When a loved one is straddling the line between life and death, you won’t hesitate to call an ambulance. This week, Justmoney found out how much an ambulance ride costs in South Africa, whether you can refuse to get into an ambulance, and who pays the bill if you’re unconscious. 

Read more

Discovery Vitality: The impact it had on my health

It’s nearly 30 degrees outside, but my windows are closed to prevent further wildfire smoke from entering my bedroom. I’m hopping around, squatting and lunging my way into my “cardio zone” so that I can earn 200 points on Discovery Vitality and meet my weekly activity goals.

Read more

Rand runs out of steam in lead-up to budget speech

For all the foreshadowing that was done last week in terms of the two big speeches by the head of states in the United States (US) and South Africa (SA), very little happened as a direct consequence thereof.

Read more

The cover you need at every age and stage

Insurance is often neglected during people’s twenties and inflated during their forties. So, which insurance products should you pursue at which age?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

President Hotel Easter Special

Price: From R1,500
When: 15 March to 30 April
Where: Cape Town

Kulula-Preskil Island Resort Special

Price: R16,999
When: 11 May -14 September
Where: Mauritius

A Touch Of Madness Tuck In Tuesday Special

Price: R70
When: Tuesdays
Where: Cape Town