Debt Collections in South Africa
In debt? You’re not alone. In South Africa, debt is a major concern for everyone from the government to individuals trying to make ends meet. Collectors are tasked with collecting on a debt owed by those who have fallen behind on payments and they will take any measure possible in order to do so – which can often be an intimidating experience for debtors. If you have been contacted by a debt collector or loan shark, here are some tips that should help you avoid them paying a visit!
Black Friday/Christmas and Festive season loans and Debt
It has been reported that debt collectors are at their most aggressive during the festive season. Debt collectors in South Africa, or debtors as they are more commonly known, can send you into a panic if they come knocking on your door to collect money owed to them. It is important for debtors to know how these debt collectors operate and what measures can be taken against them before it’s too late. In this blog post, we will discuss some of the things debtors should do when faced with debt collection and loan sharks paying you a visit.
If debt collectors are paying you a visit, then debtors might be getting paid a visit by loan sharks. This is because debt collectors are not the only ones that come knocking on your door when they have been notified of unpaid credit card bills or loans. Loan sharks rely on debtors who cannot pay back their debt and will charge exorbitant interest rates to help them get out of their debt. So what can you do if these people come knocking at your door? Keep reading below for an overview of the situation and how to avoid it!
If you are behind on your debt payments, there is always the risk that debt collectors will come knocking on your door. Debt collectors in South Africa use various tactics to try and get debtors to pay up, including threatening debtors with legal action, seizing assets or garnishing wages. It is important to know your rights before debt collectors come knocking on your door and to keep in mind that you cannot be forced to sign any agreement or debt repayment plan without first seeking legal advice.
- debt collectors South Africa
- Debtors’ Rights
- debt collectors knocking on your door
- debtors should seek legal advice to avoid signing agreements or debt repayment plans before debt collection.
When it comes to debt collection, you can’t be forced into anything without first seeking legal assistance. Debt collection is a complicated process and there are no one size fits all solutions when it comes to dealing with debt collectors. If debt collectors are paying you a visit, it is important to seek legal advice from an experienced debt collection lawyer who can help you understand your rights and what actions can be taken against the debt collector.
- debt collectors South Africa
- Debtors’ Rights
- seek legal information to understand your rights and actions against the debt collector.
Watch out for Loans and Loan Sharks!
Loan Sharks can be Illegal Money Lenders or Legal money lenders, depending on the terms of the agreement. This means that steps taken against them will depend on this as well. For example, if a loan shark is found guilty by a court for illegal money lending practices then they could face imprisonment and/or fines!
If you are behind on your credit repayments it might not be a bad idea to seek legal advice from an experienced law firm about how best to deal with the situation should debt collectors come knocking at your door looking for repayment. There are various methods used in collecting debts such as sending out payment reminders and making telephone calls which eventually escalate into more aggressive behavior such as visiting people at home or office.
There are various methods used in collecting debts such as sending out payment reminders and making telephone calls which eventually escalate into more aggressive behavior such as visiting people at home or office. However, there is a company that can assist you with your debt situation. Real Estate Assist is a Debt Solution company that offers professional advice and services to South African consumers who are struggling to repay their mortgedebt. The company offers a range of services such as credit counseling, debt review, and debt mediation alternatives that bring lasting results.
Real Estate Assist is a Debt Solution company in South Africa that offers professional advice and services to South African homeowners who are in debt and who are struggling to repay their debt. The company offers a range of services and better alternatives to credit counseling, debt review, and debt mediation. If you have mortgage debt and earn a salary but need some time to pay off debt or want to use your home to unlock equity? Contact Real Estate Assist.
Credit Status and Credit Score in South Africa
Real Estate Assist will also help you restore your credit record and get back to a good credit score and help you steer clear of debt and debt review and debt counseling programs and remove you from debt review lists.
If you are already on debt review we can help you cancel the debt review and remove your name from the debt
If you’re behind on payments, know your rights before talking to a debt collector. Seek legal information from an experienced lawyer in order to understand what actions can be taken against the debt collector as well as any defenses that may be available to you. Remember, you have the right to representation!
Contact Real Estate Assist for Debt Solutions and more information on how to avoid debt collectors and find better alternatives to credit counseling, debt review, and debt mediation.
Real Estate Assist is a company that offers professional advice and services to South African consumers and specifically homeowners and property owners in South Africa who are struggling to repay their mortgage debt.
Debt relief in South Africa and what it is?
Debt Relief forms a vital part of credit literacy. Especially for those who have been overwhelmed by unmanageable debts and are seeking solace from their creditors. Debt relief is the process of working out new repayment arrangements with your creditors or negotiating better rates on your debts so that you can be relieved of some pressure especially if you were at risk of bankruptcy!
Debt relief can be achieved through negotiation, restructuring, legal proceedings, and insolvency. Debt counseling, credit counseling, and debt review are services offered to consumers who have suffered financial hardships through no fault of their own but they’re also helpful in teaching clients how to handle money more responsibly.
The topics discussed during a debt counseling session may include the various ways in which they could reduce their debt, the effects that having too much debt can have on your lifestyle, and how to improve spending habits. If you’re struggling financially but looking for some relief, contact Real Estate Assist Debt Solution or visit us online at
Real Estate Assist is here to provide assistance with credit counseling alternatives, debt review alternatives, debt mediation services as well as mortgage debt advice and financing solutions.
