Debt Movement can offer reduced stress through Debt Counselling and Advice.
Many people have multiple loans and loans at different interest rates, requiring multiple, separate payments every month. Debt Consolidation is the process of consolidating all of these loans and debts into a single new loan, combining all the amounts into one single amount. This new loan will settle all your other debts and you will then only be responsible to pay one monthly instalment for the new loan instead of many different instalments, saving you money and time.
Debt Counselling or Debt Review, the primary service that Debt Movement offers, has been put in place to do everything that Debt Consolidation cannot. Debt Review is a legislated process that forms part of the National Credit Act 34 of 2005. Under Debt Review, you receive legal protection, avoid bankruptcy, have your instalments reduced by up to 50%, and still end up with extra cash monthly.
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