163. Debt Counseling, Demystified

Описание: Contact Chantelle:

[email protected]

https://ssdebtcounsellors.co.za/

071 641 8088

Feeling cornered by debt even though you’re working hard? We sit down with Chantelle from S&S Debt Counseling to unpack a proven, legal way to reset your repayments under South Africa’s National Credit Act. Together we walk through how debt counselling protects you from aggressive collections, restructures instalments to what you can truly afford, and builds a simple single payment that actually shrinks balances.

We start with the real reasons people become over indebted: overtime cuts, job changes, and rising living costs that push budgets past breaking point. Chantelle explains the first signs creditors see, the Section 86 notice, and why acting within days can pause legal action. From there, we map the full assessment of your household budget, show how negotiators reduce instalments and often interest, and explain how a court order locks in the plan so banks must cooperate.

The conversation gets practical. You’ll hear a clear example of turning a R10,000 surplus into a structured repayment that covers all accounts. We unpack why the snowball method frees you faster by closing small debts first and rolling those payments forward. We also dive into behavioural shifts: no new credit while under review, cutting up cards to end the swipe cycle, and using a semi-cash system to rebuild control. With regulated Payment Distribution Agencies handling money flows and transparent statements for you and creditors, the process stays clean and accountable. We close with alternatives like bank rearrangements, the risks they carry, and why legal protection often makes the difference between constant stress and steady progress.

If debt has you feeling stuck, this conversation offers a map, a shield, and a plan. Subscribe, share with someone who needs hope, and leave a quick review telling us the one question you still have about debt review so we can answer it next time.