Consolidating debt debt management service
Prior to June 2007 it was found that many creditors and or creditors representatives claimed balances in excess of what was provided for in terms of agreements entered into and or emoluments attachment order claims.The National Credit Act provide for Consolidation finance and emergency loans as the only finance available to over indebted consumers.There are two main types of personal bankruptcy: A debt collector generally is a person or company that regularly collects debts owed to others, usually when those debts are past-due.This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.
However, if you do not qualify for either of the two above options, as the interest rates on the consolidation loan may be too high or if there is no equity in your property in order to pay off your unsecured debt, the best alternative is debt counselling.
Although debt counselling differs from debt consolidation and releasing equity from your homeloan, it is an effective process that will assist you with eradicating your debt and will give you a second chance to build a brighter future!
Close Corporation registration number 2002/093341/23 Accord Debt Solutions CC registered during 2002 to assist debtors (Consumers) with, debt re-structuring, conciliation, personal financial management and secretarial services, where consumers were over committed with debt repayments, to the extent that they were unable to pay towards their day to day and or their dependants living expenses.
Debt consolidation is a method often used in this situation and helps consumers simplify their budget.
After consolidating their debt, many people report a reduced sense of stress.