ABS Debt Counseling
The New Credit Act introduces new rights favouring consumers, as well as measures that allow consumers to make informed decisions before buying goods and services on credit. It also places a greater responsibility on credit providers to refuse to give you credit if you cannot afford the repayments and, for the first time in South African history, it will regulate the way credit bureaus do business. Provided the consumer is an income earner, debt counselors act on behalf of the consumer, negotiating with the creditors to find an agreeable repayment schedule.
The new law requires that consumers be referred to debt counselling before any legal action be taken against them for non-payment of debts. Debt counselors will conduct independent enquiries into consumers’ financial circumstances and make recommendations to the courts concerning debt restructuring and suspension of reckless credit agreements.
ABS Debt Counseling is registered with the National Credit Regulator and legally authorised to freeze your debt and negotiate a suitable repayment schedule with your creditors.Firstly, a qualified counselor will assess your situation in terms of income and debt repayments and then meet with you to discuss available options.If your creditors don’t agree, ABS can apply for an order of court enforcing a fair settlement upon your creditors.Contact ABS Debt today and regain your dignity and freedom.
Contact Details for ABS Debt Counseling:
Tel: +27 87 805 7863
Cel: +27 82 202 9235
E-mail: wade@absdebt.co.za
URL: www.absdebt.co.za
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