payplansolution
Financial Consultants in Cape Town

Debt counselling has the ability to lower interest rates, thereby providing very real debt relief.Debt advice and first consultation are free and are designed to bring debt relief.Pay Plan Solutions regularly does employee financial wellness talks which outlines the correct Debt Review process and also touches on issues surrounding the industry that impact on consumers.

This saves our clients time, as they are not required to take time off from work to appear in court. Our products clearly illustrate that within our group we offer a number of additional services. We make use of attorneys to provide assistance with all sequestration and liquidation matters. They will also gladly assist with property transfer and can also give advice about Bankruptcy applications. We work closely with a Business Rescue practitioner, a chartered accountant with years of valuable experience. We outsource our consolidation products to registered service providers who supply niche products to the financial services industry. It is important that you know where the two processes originate from to understand the difference in results. Almost half of credit active consumers in South Africa are struggling to pay their creditors. That is one in every two people walking around with a credit card in their pockets! Pay Plan Solutions has developed a number of solutions by combining different products or services in order to restore consumer financial wellbeing or to achieve certain goals for clients. Debt Counselling is a consensual restructured repayment plan which serves as a debt help mechanism for the consumer. It provides debt solutions for the consumer’s current debt commitments. It is also sometimes referred to as Debt Review, or a Debt Relief plan and is intended to free up enough discretionary income i to allow the consumer to return to a sustainable lifestyle and, at the same time, get out of debt and settle all accounts in full within a reasonable period. Perhaps your business failed and you have ended up with personal debt from which you cannot recover? Been paying off your debt for years, but still owe as much as when you started? In some instances it is necessary to start over with a clean slate. To have any hope of rebuilding their financial future again, some people might consider bankruptcy as an option. If liabilities exceed assets (one owes more than one’s assets are worth) one is technically insolvent, and if one is not able to pay off the debt, it is sometimes a wise move to apply for Voluntary Sequestration and declare oneself bankrupt. There are many things to consider and a number of questions one would probably want answered.