DEBT COUNSELLING
What is Debt Counselling?
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Debt counselling is a formal and closely managed debt solution, introduced by the National Credit Act in 2007. Noko finacial services debt counsellors guide clients with debt problems through debt review, enabling them to make monthly debt repayments and gain financial stability.
Noko finacial services debt counselling process helps clients who are struggling to make debt payments, by entering them into a structured debt repayment plan with their credit providers, in order to ensure they take firm control of their financial situation and settle their short and long-term debt.
Noko finacial services has mandates with 95% of credit providers to extend the terms and reduce interest rates down to zero if necessary. Noko finacial services aim to get clients debt free in 60 months. With 90% of Noko finacial services debt review proposals to credit providers being accepted, debt counselling can be considered as a highly effective method of becoming debt free.
Benefits of debt counselling:
Debt counsellors will formally review the clients finances, develop a suitable monthly budget and negotiate with credit providers on their behalf
Enables clients to make monthly debt repayments
Relieves clients from creditors hassling for money
Prevents clients from declaring bankruptcy
Maps out the path for reducing bad debt and becoming debt free
Decreases summonses and judgements against clients
Noko finacial services debt counsellors will educate clients about their financial rights and how to work better with their finances
Qualifications for debt counselling in South Africa:
Determined by a Noko finacial services debt counsellor, clients will be classified as over-indebted and considered for debt counselling “if taking all financial circumstances into consideration, a client is deemed to be unable to repay their debts”.
Legally, clients applying for debt counselling, must be employed and earning a monthly income
Most importantly, Noko finacial services debt counsellors aim to give clients hope for a future of financial wellbeing and the ability to borrow credit again.
Contact Us
Pretoria
Physical address: no 296 Schoeman street, Prime Towers, office 211
2nd floor, Pretoria Cetral, 0001
Phone: 087 808 9804
Fax: 086 639 5364
Cell: 071 236 9988
email: nte@nokofin.co.za
Johannesburg
Physical address :
no 87 commissioner street
central Johannesburg 2000,
3rd floor
Phone: 087 808 9778
Cell 072 977 1236
Email: nte@nokofin.co.za