Master Your Money has enabled hundreds of South Africans to pay off their debt in an affordable manner without losing their assets. According to statistics provided by The National Credit Regulator, more than 47% of all credit active consumers in South Africa are over-indebted, meaning that they’re in arrears with at least three payments with one of their accounts.
Therefore, if you find yourself in a similar situation where you cannot afford to pay all your credit providers as well as having enough money at the end of the month to pay your living expenses, you are not alone and you can rest assured that there is help.
If this is the case, Shaun Zeelie will be able to help you. All you have to do is fill in your details on our website and he will personally contact you to assess your situation. He will assess your income, monthly living expenses and what you have to pay your credit providers each month and then take into account what you can actually afford to pay these credit providers. The whole process can be done telephonically, by email or in person by consultation, whichever is more convenient for the consumer.
If you apply for debt review, a repayment plan will be drawn up and you will only have to make a single payment every month. This payment will be made to an accredited Payment Distribution Agency (PDA), being DC Partner situated in George, who will distribute your money to the different credit providers in terms of your repayment plan.
In order for this to be made possible, your monthly instalments will in effect be reduced and your payment terms will be extended. Not only that, but the credit providers will willingly reduce your interest rates in order to accommodate you.
Your credit providers will be informed that you are under debt review and in terms of The National Credit Act, they will not be allowed to take legal action against you while you are making payments in terms of the debt review arrangement. In order to provide you with further protection against the credit providers, your repayment plan will be made an order of Court, however you will not have to attend Court yourself as Shaun Zeelie has right of appearance on your behalf.
All fees payable to Master Your Money as well as the costs to apply for a debt review court order will be included in your repayment plan. You will therefore at all times be making only ONE affordable monthly payment towards both your credit providers and your debt review fees. We will furthermore provide you with monthly aftercare, including monthly statements and monitor your payments to the Payment Distribution Agency and credit providers.
If you want to experience immediate financial relief, pay only one affordable monthly instalment, have sufficient funds for living expenses and enjoy protection against your credit providers, send us your details and the debt counsellor will contact you at a time that is convenient to you.
Just remember, if you are over-indebted and you take too long to seek help, your credit providers might commence legal action against you and then nothing can be done in respect of that particular credit provider. Apply sooner rather than later.
We look forward to taking your hand and walking the road with you towards financial freedom.