How to be safe from debt - who can help you prevent debt?

  How to be safe from debt - how do i keep my debts safe?Home | How to be safe from debt - how do i keep my debts safe?Avoid Debt | How to be safe from debt - how do i keep my debts safe?How Does the Law Help? | How to be safe from debt - how do i keep my debts safe?Causes of Debt | How to be safe from debt - how do i keep my debts safe?Worst Type of Debt | How to be safe from debt - how do i keep my debts safe?Who can Help? | How to be safe from debt - how do i keep my debts safe?Contact

0871 501578

Who can help you prevent debt?

How to be safe from debt - who can help you prevent debt?

 

RELATED ARTICLES >>

Preventing debt is the smartest way that a consumer can prevent a financial crisis or over-indebtedness. In South Africa debt counsellors exists to help consumers relieve themselves of over-indebtedness by assisting them in the restructuring of their budget. By doing so debt counsellors help consumers see where they went wrong, and once the causes have been identified, debt counsellors negotiate with consumer’s creditors. These negotiations result in lower payment terms, lower interest rates, and the prevention of legal action from the creditor. However this remedy is only for those consumers who are already in debt trouble and need help to get out of it. The question begs though, who can help you prevent debt? The answer is simple: only you can.

 

It is within the power of the consumer to prevent themselves from falling into debt by managing their finances carefully and understanding what smart debt choices are. Certain debts such as vehicle finance and mortgages are unavoidable and considered good debts, however other debts that do not contribute to your financial portfolio are bad debts.

 

In order to prevent falling deeper into debt always have a rainy day savings fund and keep adding it to it. This can prevent bad luck expenses such as a broken car or computer from forcing to you to use bad debts such as credit cards or short terms loans to pay for it. It can also help you save up for items that are normally purchased using store credit.

 

Always pay your debts on time to prevent late penalties and added interest. This will help to pay off existing debts sooner, whilst ensuring that the minimum payment does not increase. And add an extra 10% to every payment, as this will end a debt sooner and create a better credit score.

 

It is important to know that help to get out of debt exists in the form of debt counselling, however if a consumer is smart and avoids the pitfalls of bad debt, they can prevent falling into debt and needing that help.

 

Article written by: Andrea van Tonder 06-2013


How to be safe from debt - who can help you prevent debt?

How to be safe from debt - who can help you prevent debt?           How to be safe from debt - who can help you prevent debt? How to be safe from debt - who can help you prevent debt?              

 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HOME | AVOID DEBT | HOW DOES THE LAW HELP? | CAUSES OF DEBT | WORST TYPE OF DEBT | WHO CAN HELP? | CONTACT
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Copyright 2013 - Website Design | Website Hosting | Search Engine Optimization | SEO Certificate

 

Disclaimer:
The user/s of this website and / or domain, automatically accept and agree that the Owner/s of this website attempt to ensure that the content remains accurate and to date, no liability will be accepted for any errors whatsoever. In addition, the Owner/s of this website to not claim ownership or management of any content. Any errors can be reported to content@how-to-be-safe-from-debt.co.za