A Debt Counsellor is someone who is registered with the National Credit Regulator and who assists consumers who are experiencing debt-related problems and are having difficulty making their current monthly payment by providing them with budget advice support and mediation with credit providers.

Debt Counsellors also give highly indebted consumers basic information necessary to resolve their everyday credit problems so that they do not revert back into debt trap

Debt counselling is a process of assisting consumers that are experiencing debt related problems through:-

• Budget advice;
• Restructuring their payments;
• Negotiating with credit providers on their behalf, and
• Monitoring their payments while
• Providing after-care services

When you are suffering under the yoke of over-indebtedness, then you need a debt counsellor.

A consumer is considered to be over-indebted if the money available after payment of essential expenses is not enough to pay all other debts. Herewith some indicators of over-indebtedness:-

A consumer is over-indebted when he/she cannot service all his/her debts in a timely manner as agreed in the credit agreements. The following are indicators of over-indebtedness:-

You use your credit card & overdraft facilities to pay debts & buy food	You borrow money to pay other debts
You skip payments on some accounts in order to pay others because you cant keep up	You cannot pay your bills at the end of the month
You receive letters & summonses from creditors/lawyers	You are considering being placed under administration
You have judgements granted against you.

For more information, please contact Andrea Lawrence on 083 293 6867 or email us at info@debtmagic.co.za