Overburdened by debt | Debt counselling - PowerPoint PPT Presentation

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Overburdened by debt | Debt counselling

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Debt counseling has the ability to lower interest rates, thereby providing very real debt relief.After paying off the highest interest rate credit cards, apply that payment to the card with the next highest rate. – PowerPoint PPT presentation

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Title: Overburdened by debt | Debt counselling


1
Over burdened by Debt
  • Debt burden is the cost of servicing debt. For
    consumer it is the cost of interest payments on
    debt. The debt burden will be higher for credit
    cards and loans with high interest. Debt
    counselling services is designed to free you up
    from the pressure of being over-indebted and to
    stop the calls from your creditors.

2
  • If you are finding it difficult to keep up with
    your debt repayments, you dont feel alone- many
    other South African consumers are in exactly this
    situation. A Debt counselling service can assist
    with consumer advice about the options available
    to you.

3
Get help before its too late
  • If you having hard time keeping up with your
    debts, it is vitally important to take action
    before your creditors get to the stage of taking
    legal action. It is important to seek advice from
    a debt counsellor as soon as it become obvious
    that you will not be able to pay every month

4
Avoid Debt Trap














  • Debt is a fact of life Debt comes in many shapes
    and forms, which include mortgages, credit, and
    debit cards. The original idea behind lending
    credit was to help people to buy something they
    needed, important,education etc.

5
Tips to Pay off Debt
  • Avoid the Minimum Payments Trap
  • Pay attention to Interest Rates
  • Keep an eye on your credit Report
  • Check your current liabilities

6
Contact Us
  • Eugene Cilliers
  • payplansolution_at_gmail.com
  • Tel 021 554 0708Fax 086 686 9597National Help
    Line 0861 626 8593 Cutter Close, Blouberg
    Sands,7441
  • http//payplansolutions.co.za
  • Social sites
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