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Debt Care
The Top 5 Debt Care Programs to Help You
Get Out of Debt Fast
If you’re struggling with debt, there are two choices you can make: you can allow it to ruin your life, or you can tackle it head-on and learn how to get out of debt fast.
There are plenty of programs out there that can help, but not all of them are created equal.
In this review, we’ll talk about the top five debt care programs and their pros and cons, so you can make an informed decision about which one might be right for you.
1) Why do you want to get out of debt?
There are many reasons why you may
want to get out of debt. Maybe you’re
tired of being financially-struggling
and want a fresh start.
Maybe you need to free up more
money in your budget to take care of your children. Or maybe, as an entrepreneur, you’ve been in business for a
while but find that debt prevents you from living your dream fully and pursuing new ventures?
Regardless, there are many ways debt relief can help reduce the stress that comes with carrying large debts.
2) How much are you in debt?
Debt care reviews are designed to find out how much you’re in debt and what your debt relief options are. Debt relief programs can get you on the path
towards being debt free, no matter what your circumstances.
3) Which program will fit your life?
With so many debt care programs out there, it can be difficult to find the one that will work best for you. To help you out, we’ve rounded up five of the
most popular options and ranked them from best to worst.
Check them out below: *Personal Capital – This debt relief service has a robust online suite that makes it easy for you to access your account,
track your progress, and get a personalized roadmap to getting rid of debt.
4) Working with a Debt Counsellor
Dealing with debt can be extremely difficult, but it’s made easier when you work with a debt counsellor.
These professionals will provide expert advice on the best way to manage your finances and get out of debt as fast as possible.
Here are the top five debt care programs:
- Moneysmart provides debt reviews for many different companies that help people in need.
- Debt now is a non-profit organization that provides free debt counselling for those who need it most.
- Debt busters is an organization that specializes in negotiating lower interest rates and payments for those who need help getting back on their feet financially.
- If you want personalized one-on-one debt counselling, Money Coaches South Africa offers this service at an affordable price to suit any budget.
5) Avoid fads and scams
These programs can help you streamline the debt elimination process and offer valuable insights into how best to pay off your debts.
A helpful program will provide you with a step-by-step plan and track your progress along the way. However, some sites offer scammy
debt programs that don’t actually work or will cost you money in exchange for unhelpful advice.
Before committing to any company, research the company thoroughly to make sure they’re a reputable company with a solid track record.
FAQ'S
Frequently Asked Questions
While debt review can be a lifeline for an over-indebted consumer, it should not be entered into lightly. Over-indebted consumers need to be aware that, once they enter debt review, they cannot apply for new credit and it cannot be exited until all the debts are settled.
How long the debt review process lasts depends on a number of things, such as the amount of debt that you have and how much you can afford to repay, amongst others. Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate.
After your initial assessment with a debt counselling company, you may be informed that your current situation does not qualify you to go under debt review. Some of your accounts, especially those which have been subjected to legal action, may be excluded. Your debt may take longer to repay.
Debt review is a legal process, and your payment plan has been accepted by all your creditors. A court order has also been granted. If you default on your plan, you are breaking your agreement and your creditors are within their rights to initiate legal proceedings.
Q: I want to remove my name under debt review but have not finished paying my debt. Is it possible? Yes, this can be done if your debt review was made an order of court and the court order is subsequently rescinded OR an application is made to court to have you declared “not over-indebted.”
The process shall be completed within 15 minutes in which you will be advised of the appropriate action to terminate your debt review and clear the flag from your credit records. The once-off Assessment fee of R85 is payable upon submitting the service request form and the assessment process will commence immediately.01 Jun 2020
How long the debt review process lasts depends on a number of things, such as the amount of debt that you have and how much you can afford to repay, amongst others. Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate.
About Us
We are a debt counselling / debt review company based in Durban, South Africa. We help South Africans get out of debt fast. Contact us for a free debt assessment.
