On 1 June 2007 the National Credit Act (NCA) came into effect and with it came the process of Debt Review or Debt Counselling.
Debt Counselling was introduced to provide a mechanism for solving the customer’s problem of being over indebt. Debt Review provides a conformable system of debt restructuring, enforcement and judgement, which places priority [...]
Posts from ‘June, 2009’
What is Debt Review?
Reducing Credit Card Debts
The current global financial crisis has brought increased unemployment and redundancy to many households. It is no longer surprising to know that consumer debts, including credit card debts, are soaring higher than ever. In recent years average consumer debts have reached records levels and in many cases have got out of control.
While it is [...]
A tremendous benefit to money troubled consumers is debt settlement
Our glorious country is dealing with some precarious financial issues at the present moment. To begin with we are in the midst of the most crippling economic collapse to strike since the great depression, we are also struggling with two wars and may end up getting stuck in a third, and to add insult to [...]
Scottsih Personal Debt Rises
Recent data indicates that personal insolvencies in Scotland rose by a dramatic 137% in stark contrast to figures published on Protected Trust Deeds (a Scottish version of an IVA) which suggest a modest 1.six per cent increase quarter on quarter.This of course reflects only those who have approached a licenced insolvency practitioner to set up [...]
Choosing The Right Debt Free Programs
Debt free programs come into focus when a person is in debt and is in need to get out of it. It’s true that there are many debt free programs to help people but knowing the right one is important as there are enough of hoax companies willing to take the maximum out of such [...]
Tips to reduce your credit card debt
Learn how to clear your credit card debts
Let’s make it clear you should always reduce your credit card debt even if you owe low amounts. If you ask, it is an indication that you must reduce your debts
I’ll answer it right away, “can i be sued for credit card debt?” Most of the [...]
Buying a New Automobile
Is travelling vexing you? Want to buy a car but don’t have enough money? Car finance might be your solution If getting a Crossfire, then be sure to purchase a Chrysler Crossfire windscreen, windblocker, wind deflector, windstop.
Car finance denotes making use of credit to buy a new or used car. Cars are your 2nd most [...]
Nil Desperandum (Don’t Give Up!)
As the Peter Gabriel/Kate Bush song goes! Debt management company Credit Issues recent run of successes in challenging credit card and personal loan balances through the mechanism of requesting “true copies” of the original credit agreements has proved a powerful and effective approach. Several rulings by various District Judges throughout the country have validated that [...]
Credit Card Debt - All the Things You Need to Recognize
Credit card debt is one thing that can give you advantages and also lots of troubles when you aren’t clever enough in running it. Getting into a credit card debt is simply effortless for most people. Nevertheless, when you’re in a deep credit card debt, you will be in the most dreadful situation to evade [...]
What You Should Know About the Safety of Debt Settlement Companies
We are living in a time when people have been forced to face unforeseen circumstance and one of the circumstances is debt that has gotten out of control. This has caused individuals to search for ways to get out of debt. Debt Settlement and credit counseling are two of the most utilized debt relief methods [...]