Consumers don't always fully understand the debt review process or its pros and cons. This becomes clear when you listen to the many questions that consumers have.
WHAT IS DEBT REVIEW
A lot of consumers don’t understand how the process works and what it can mean to them. Because there’s so many questions about the process and the great questions 'What is Debt Review' we decided to explain it.
Ever wondered ‘What is Liquidation’ and what it entails? After being flooded with numerous business owners seeking information pertaining to the Process of Liquidation of a Business, we decided it will be a great idea to write an article about what Liquidation is and the what the Liquidation Process entails.
If you are experiencing financial difficulties, it is critical that you find out what exactly an Act of Insolvency means. Failure to understand what is considered an Act of insolvency can lead to you committing such an act without even realising it, giving a creditor the right to proceed with legal action against you.
The Johannesburg High Court issued a Judgment on September 3, 2019, clarifying the DEBT REVIEW CANCELLATION PROCESS and the right to CANCEL DEBT REVIEW.
When earning money on a weekly or biweekly basis, it's important to set aside a portion to cover monthly expenses such as rent, utility bills, and vehicle payments. However, it's also important to prioritise your own well-being and attempt for an adequate standard of living for oneself and your loved ones.
First and foremost, it is important for the NCR-accredited Debt Relief Expert to determine whether the over-indebted individual qualifies for sequestration. Furthermore, they need to identify the type of sequestration that would have the greatest chance of success.
If your monthly income is primarily used to pay creditors, you are in trouble, but you are not alone. Aside from their home loans and vehicle finance, most South Africans have excessive liabilities.
