How do debt counsellor processes work in Durban?

The first step of debt counselling is having your finances analysed to determine where the main problems are and what steps can be taken to resolve them. If it is decided that the consumer is over-indebted and will benefit from a debt review, debt counsellors in Durban will look at how to restructure the client’s budget to allow for the gradual repayment of debts. Perhaps most crucially, the debt counsellor negotiates manageable rates with the creditor, to ensure that the consumer can handle the payments. The consumer’s budget is then allocated according to the revised budget on a monthly basis until their debts are cleared.

  • Share article to Facebook
  • Share article to Facebook
DEBT COUNSELLOR DURBAN | How do debt counsellor processes work?