Having various debt obligations these days, is nothing new. This includes debts like a credit card, a bond or a personal loan that you need to pay off. Face it – debt can become and in most cases is already part of your life. In certain circumstances it is not a bad thing – if you manage it properly of course. But, if you look at the current situation in South Africa, it is evident that personal and economic events can lead to over-indebted situations – threatening your financially-free future. However, it doesn’t help to mainly focus your attention on the problem; you have to get to the solution thereof, instead.
What plan is out there that you can incorporate that will save you money, keep you safe (financially protected) and will also give you some peace of mind? Matthys Potgieter, spokesperson and debt expert at DebtSafe, recommends the four-point rescue plan:
What does your financial situation look like? If you have a few ‘heavy’ (or ‘lighter’) debts, why don’t you sort it out? There is one of two options that you can consider when trying to get rid of your debt:
If you are not sure how to improve your current financial situation – go and speak to a professional in the financial field to assist you in tackling your debt or managing your bills better. You have financial advisors, planners and bankers available. In worst case scenarios you can also ask debt experts, like DebtSafe for advice and use their processes to straighten out serious debt obligations.
Various financial experts say that debt review, administration and sequestration are considered solutions targeted at solving the debt problems South Africans currently face. But, Potgieter says: “If you are finding yourself in an extremely over-indebted position, consider debt counselling (debt review), because it is the preferable solution (of the three) – getting you safely out of debt.” With a personalised and effective debt repayment plan, trained advisors can take you from financial failure to financial success. This process is done via the implementation of the debt review program – where you get assistance from the application process (start) up to the issuing of a Clearance Certificate (finish).
Try and rescue yourself out of debt this year and get yourself covered and protected. It will not only guarantee you a financially-free future, but it will also give you peace of mind. DebtSafeoffers an effective debt review program. Please SMS your name and INFO to 30898 for a free debt assessment