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 Register your customary marriage or lose the right to inherit estate

December is that time of the year when we will see at least one suitor sending his uncles to negotiate the price of his future wife. Lobola, as the bride price is known, has always been an important element of the African marriage.

Read more

Changing from one medical scheme to another - effortlessly

It is coming up to the end of the year and you might be looking to change medical schemes, or options within a scheme in preparation for the new year. While you don’t necessarily have to wait for year-end to do so, providers often recommend it.

Read more

Your guide to financially surviving Christmas

There are a few times each year where you need to dig deeper into your pocket and spend more money such as birthdays, anniversaries, and the Christmas period. Whether you celebrate this religious holiday or not, the festive period - depending on how you choose to spend it - means increased travelling, buying of gifts, entertaining, and eating out at restaurants.


Read more

Trump, Trump and a little bit of South Africa

What a November we had, with the rand staging one of its best months and closing below the R14.00 level. To be honest, this looked like quite a far-fetched possibility at one stage during the month. It seems that the tide has changed a little, even though it might be short lived since the US dollar bulls are not so sure of their case anymore.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Free iCollege Scholarship

Price: R600
When: Until 16 May 2019
Where: Nationwide

Telkom December Big Deal

Price: R459 pm
When: Until 31 December
Where: Nationwide

Money Savvy Kids Giveaway

Price: R450
When: 8 December
Where: Johannesburg (Milpark)