The fact of the matter is that many people in South Africa are drowning in debt. This is because credit has become so accessible and living expenses have increased phenomenally. Usually, consumers find themselves becoming more and more comfortable living on credit until their outstanding debt makes it impossible for them to cover their basic expenses. Recognising the signs you need debt counselling early can help you avoid financial disaster and take control before things spiral further.
Before you can receive debt counselling, you need to qualify for debt review. Only over-indebted consumers can receive this service. Your debt counselling company will assess your situation to see how they can help you.
Here are 11 signs that you need debt counselling:
- You’ve maxed out your overdraft/credit cards
- You’re paying expenses on credit
- You’re taking out payday loans
- You’re behind on payments
- You’re struggling to pay your debt repayments
- You have no savings
- You have no emergency fund
- You’re selling your assets to make ends meet 9.Creditors are harassing you for money you owe them
- You fear bankruptcy
- The stress of having debt is keeping you up at night
If any of these signs sound familiar, it’s time to speak to a debt counsellor. Take the first step toward a debt-free, financially stable future.
Debt Rescue is just a call away.