Posted by: Jean | 2013/05/24 09:09
I am over my head in debt, i really cannot afford even the minimum payments, I have accounts dated years back that i could not pay and still cannot afford to. The thing is it is attorney letters and the interest that accumulates and now garnishees. I am stressed because of my financial crises. I have 2 kids and with expenses that keep on popping up I really do not know what to do. I have considered debt counselling but the lady say that sometimes they might not consider applications. After my debit orders and monthly expenses I sometimes only have R1000 left. Please help.
Posted by: Luke Hirst | 2013/05/28 11:14
Thank you, for your question and people that are in debt
or struggling to get out of debt, is the fact often do not know their monthly
living expenses. Debt counselling is a much needed platform for many individuals
as it helps you to budget, whilst paying off your debts in a shorter period of
time. This gives families piece of mind and allows them to get back on track.
Garnishees have had much press in recent months and these can be challenged for
validity or to reduce the amount payable based on your budget. You are
obviously being left with little money after debts are paid and therefore need
to consider getting an assessment first to see what is going to be best for you
and your family.
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