Posted by: Luke Hirst | 2013-05-28 11:12
As per the National Credit Act, a credit provider does
not have to reduce the interest rate. However, a debt counsellor should use the
industry rules and their relationships with the creditors to negotiate the
instalment, terms, fees and interest rate so that the client can become debt
free in a short period of time. The vast majority of our clients come out of
debt counselling in less than 5 years, whereas without debt counselling they
would be in debt for a considerably longer period of time.
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