Do I Qualify for Debt Review in Port Elizabeth
You may qualify for debt review in Port Elizabeth if you are over-indebted, earn a regular income and have fallen behind on your debt payments. A registered debt counsellor confirms this with a proper assessment.
The three basics most people need
You are over-indebted
Your total monthly debt payments are more than you can afford after your essential living costs.
You have an income
You are employed or self employed with a regular income, so a reduced monthly payment is possible.
You are behind or struggling
You are missing payments, borrowing to cover other debt, or only paying the minimums.
Signs that debt review may suit you
- You use one credit account to pay another.
- You dread the end of the month because there is nothing left after debit orders.
- You have received letters of demand or calls from credit providers.
- You have store cards, personal loans, a vehicle loan or a home loan that together feel unmanageable.
- You want to avoid your assets being repossessed while you get back on track.
When debt review may not be the right fit
Debt review is not for everyone. It may not suit you if you have no income at all, or if your debt is small enough to clear with a simple budget adjustment. It also means you cannot take on new credit while under review. A registered debt counsellor will tell you honestly whether it fits your situation, and can point you to other options if it does not.
Only an assessment can confirm it. The points above are a general guide. Whether you qualify depends on the numbers in your specific case. A registered debt counsellor does this assessment at no cost to you when you enquire.
Next steps
Want to know how the process works first? Read what is debt review in Port Elizabeth. Ready to check your position? Connect with a registered debt counsellor in Port Elizabeth using the enquiry options below.
Find out if you qualify for debt review
Send an enquiry and we will connect you with an NCR registered debt counsellor for a free assessment. Submitting an enquiry does not place you under debt review.