Global Debt Solutions

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HARASSMENT

When You Apply For Debt Counselling Creditors May Not Contact You. In Terms Of The Law Creditors Must Deal Directly With Your Debt Counsellors After You Apply For Debt Review.

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WHY SHOULD I SIGN UP WITH GLOBAL DEBT SOLUTIONS FOR THE DEBT REVIEW PROGRAMME?

We Have Helped Thousands Of South Africans With Debt Problems. Debt Review Will Ensure That You Have More Money To Live. Our Debt Counsellors will create a New Payment Plan with your Creditors. Say Good-Bye to Money Stress. We Provide Assistance Anywhere In South Africa

At Global Debt Solutions, we are deeply concerned with the struggles of others as well as the well-being of all life that exists on our beautiful planet. There are many people doing great things to better the lives of those less fortunate. They have in fact dedicated their lives to these causes. We are big on giving and have decided to embark on a project in an attempt to raise funds for those charitable institutions. By working together, we can achieve anything. We believe that our positive approach and belief will yield the results that we've set out to achieve.

DEBT COUNSELLING EXPLAINED

Debt counselling was introduced in 2007 and is governed and regulated by the national credit act 34 of 2005. Under section 86 and 87 of the national credit act, a consumer may approach a debt counsellor to be placed under debt review if he/she is unable to pay his debts in a timeous fashion.
A debt counsellor is a person who is trained and accredited by the national credit regulator to deal with debt review matters. They negotiate lower interest rates, lower installments and longer terms with credit providers. The debt counsellor restructures all the consumer’s debts and consolidates them into one lower monthly payment.

A consumer cannot enter into any further credit agreements whilst under debt counselling. Once all debt is paid off, the consumer is given a clearance certificate and may purchase on credit again. There are various tests that are applied but the most important is that of over-indebtedness and affordability. If a consumer is left with little or no money after paying for his/her monthly credit agreements (home loan, vehicle loan, credit cards etc)he/she may be over-indebted. the consumer must be employed or self-employed. he/she may then apply for debt counselling.

You have a legal right under the National Credit Act to have your finances re-arranged so that you are able to make payments that you can afford. These days loans are so easy to obtain which often results in unrealistic repayment terms. We at Global Debt Solutions are dedicated to saving homes and cars from repossession and we strive to get consumers out of debt. Even if you are blacklisted or behind on any loan repayment, we may be able to assist you.

The first step is assessing whether you are over-indebted. A common sign would be when there is little or no money left at the end of the month after paying for your monthly debt obligations. Currently more than 11 000 000 consumers are over-indebted and have missed three or more payments. The process is quick, hassle free and you will begin paying a lower monthly installment for all accounts at your next pay date.
Your new restructured payment plan will allocate payments to Creditors based on what you are able to afford as a repayment. Once we have negotiated lower rates with your Creditors, we will arrange for payment to be made via a Payment Distribution Agency accredited by the National Credit Regulator. The Payment Distribution Agency will make payment to each Creditor after debiting your bank account every month.

Ready to take that first step? We are here and will be by your side through-out the process. Our business is you and making sure you have more