No financial situation is without hope. Financial difficulty is a reality for many of us. The rising cost of credit may leave you finding things a little tight at the end of each month. Working together with our Debt Counselling partners, Old Mutual has created a solution to help you overcome your debt worries, while shielding you against creditors who want to take legal action.
What is Debt Counselling?
Instituted in June 2007 with the implementation of the National Credit Act, Debt Counselling is a highly effective credit management solution focussed on helping over-indebted individuals to meet their commitments in a way that suits both their creditors and their pocket.
It offers protection against legal action from creditors and the long-term effects of being placed into personal administration. It also provides individuals with a way to repay their debts while ensuring that they still have the ability to meet their daily living expenses.
Our strategic partners' trained Debt Counsellors are registered with the National Credit Regulator and the Debt Counsellors Association of South Africa (DCASA). Confidentiality and integrity form cornerstones of their service.
Do you qualify for Debt Counselling?
You can be a candidate if you:
- Are struggling to pay your current debt on time.
- Do not have sufficient funds to pay debt after essential living expenses.
- Are most likely unable to pay future debt should you acquire further credit.
In short, if you are struggling to meet your monthly repayments and face possible legal action, Debt Counselling could offer you the financial solution you need.
Contact Details
Please call 0860 666 607 if you would like to utilise this service. Alternatively, .