Debtcounsellorssa.Com Unclaimed

What we do is:•Investigate reckless credit (more credit granted after you were already over-indebted)•Speak and negotiate with all your creditors in future.•Draw up a sustainable budget.•Extend the terms of repayment.•Bring down monthly payments, to an affordable•Negotiate lower interest and waive cost, in certain cases.•Draw up a new restructuring proposal for your creditors, which becomes an addendum to your contract, when accepted by the creditor.•Help you manage your accounts, until paid-off.•Issue a CLEARANCE CERTIFICATE, once your debt is paid off, to start with a clean credit record.



Since very early times, there is reference to poor and over-indebted people, which has not changed over the centuries. Every era and culture had their own way of dealing with debt – just look at these two examples: o Debtors and creditors are mentioned even in the Bible! The difference however, was that creditors were much more lenient towards debtors during Biblical times. In Exodus 22:25 [God says] “If you lend money to any of my people with you, who is poor, you shall not exact interest from him; If ever you take your neighbor’s garment in pledge, you shall restore it to him before the sun goes down..." o The Roman Law provided that a debtor, who failed to make good payments to his creditors, could be “in parti secant” (his flesh could be cut!), or sold into slavery. o Sections 65A to 65M of the South African Magistrates' Courts Act provided for the imprisonment of judgment debtors in certain circumstances, until it was found in 1995 by the Constitutional Court to be inconsistent with the right to personal freedom provided for in section 11(1) in Chapter 3 of the Interim Constitution.