|
Debt Counsellor Warns Public |
There has been a lot of commentary in the media about the merits of the new National Credit Act and how it affects consumers and businesses. Small businesses and consumers in South Africa are really feeling the pinch.The global credit crisis and oil prices have further exacerbated the situation and have tipped many consumers over the edge in terms of their monthly commitments such as car payments, bonds ,credit cards, loans and other debt obligations.
The effect of all of this is that many consumers are now facing a financial crisis with letters of demand piling up, houses and cars being repossessed and continual harassment by creditors.
Help is at hand
What is not widely understood is the manner in which Registered Debt Counsellors appointed by the National Credit Regulator are able to assist over-indebted consumers.
|
|
Read more...
|
|
|
Fidelity Debt Counselling Services (Pty) Ltd |
|
Fidelity Debt Counselling Services is a specialist company formed with the aim to render professional debt counseling services and to assist consumers with the debt review process created under the National Credit Act (NCA).
The NCA has now made it possible for a debt counsellor to declare a consumer over-indebted and to propose a scheme to be made an Order of Court re-arranging a consumer’s financial commitments under credit agreements.
In our present financial climate of
- debt repayments on average constituting over 80% of household income; and
- aggressive asset repossessions and bond foreclosures.
it is Fidelity Debt Counselling Services that can help you to retain your assets such as your home, car and furniture against a reduced monthly payment during the period that you experience financial difficulty.
The debt review process is regulated by the Act and is binding on your creditors. Our debt counsellors are specialists and were all appointed by the National Credit Regulator after they complied with the requirements set out in the Act as to experience, competence, qualification and ability to provide counselling skills.
Fidelity Debt Counselling Services have to date assisted thousands of consumers experiencing financial problems. Our head office is situated at:
| |
2nd Floor, Doone House, 379 Smith Street
Durban
Tel.: 086 000 9999
Fax.: 031 301 0750
e.mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
|
We have branches in most major centres nationally and an extensive network of registered debt counsellors who are able to assist you. For your nearest reputable debt counsellor please email us on
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
|
  |
|
|
|
