Don’t know where to go for help? NokofinFINANCIAL helpline is there to assist with
Many over indebted consumers don’t know where to go when it comes to their financial related complaints and often giving up and abandoning their quest to seek help.
‘As a company under the National credit regulator(NCR), we realised that some consumers don’t always know where to get financial support from and as a result of frustration, give up on seeking help. It is for this reason that Nokofin was started in 2008, to offer financial assistance and resolve financial crisis .
Credit products are complex and not easy to understand for most consumers, While the National Credit Act provides for comprehensive disclosure, simple and understandable language, access to documents and statements and the explanation of the risks and costs of credit, many consumers enter into credit agreements without any understanding of rights and responsibilities, cost of credit, dispute processes, debt enforcement and the various credit products. While financial literacy education is essential our experience is that consumers need just more than information, they need an objective and knowledgeable place/person to go to for information and guidance when things aren’t going well and they need financial debt help relief. Nokofin offers financial help in the form of debt review or debt counseling. Nokofin aims to reduce the negative impact of over indebtedness on individuals consumers, families and society in general through proactive and reactive interventions. Nokofin will ensure that consumers who enter our debt review program come out financially free at the end of the program.
Finances not going well
Financial problems or financial pressure is a situation where money worries are causing you stress. Many people are facing hard financial times and the impact on mental health can be significant. These problems can seem impossible to overcome, but you can get help and take steps to improve your situation.
SIGNS YOU MAY NEED HELP WITH FINANCES AND DEBT
- 1 - Worrying a lot about the financial trouble you are in
2 - Arguing with loved ones over money and money related problems
3 - Headaches
4 - Feeling unwell
5 - Being afraid to open the emails or post letters
6 - Difficulty sleeping
7 - Feeling guilty spending money on non-essentials
1 - step you contact a financial counselling service such as ourselves, for free no obligation assessment. Set aside money every month that you can afford to pay creditors – every little bit helps.
2 - step Nokofin contacts the creditors who you owe money to negotiate reduced repayments and also tell them you are having Financial difficulties.