1. When deducting living costs out of your net salary, ending up with much less cash left more than than installments on your total debt - you may apply for debt counseling.

2. Critical living expenditures involve rent or housing, school fees, service providers, utilities, food, transport (petrol or commuting)

3. You must have an income, either be an employee or self employed

4. You need to have dollars left more than following paying your important expenditures, ahead of debt payments every single months

5. The largest error is always to do nothing! Never wait for a rise in salary, go gambling or to win the lottery. Do not stay clear of your debt and creditors and hope they're going to just disappear. Do not ignore any calls or letters from your credit providers; otherwise they're legally entitled to take legal action against you.

6. Take action the moment you see that your present income will not meet all your monthly expenditures. Do not wait until you obtain a court summons.

7. Your car or truck and residence cannot be repossessed following applying for debt counseling and as soon as your creditors have already been informed that you are below debt assessment.

8. Repossession cannot be stopped right after you've received a court summons from your creditor, even if you commence to apply for debt critique following receiving it.

9. You can not apply for additional credit whilst under debt overview. You also can not make any purchases along with your shop and credit cards.

10. About 17.53 million South Africans are credit active, utilising 61 million credit accounts, averaging 3.5 accounts per credit active customer. Possessing 2 credit cards to your name will place you under enough monetary strain to grow to be over-indebted.

Are you currently unable to help keep up along with your debt? Is your credit providers hassling you? Afraid you might lose every little thing? Get aid from a debt counsellor to consolidate all your outstanding debt.