Are Gauteng debt counselling companies worth it?
Debt counselling has become one of the most viable solutions for rebuilding a consumer’s financial health and reputation. This is due to several factors.
- Costs are limited, so the consumer facing an already tight monthly budget does not have to worry about paying more outrageous fees.
- Through negotiation and if necessary magisterial court intervention, debt counselling lowers the interest charged by creditors as well as reducing the consumer’s overall monthly payments.
- The consumer is also protected from legal action by creditors and their assets are safe.
- Debt counselling restructures the consumer’s budget, so the weight of constant money management is taken off of the consumer’s shoulders.