Debt Counselling

By: Di-Namix Debt Management  02-06-2011
Keywords: debt, debt counsellors, Debt Counsellor

Debt Counselling is a service offered by an accredited debt counsellor, to relive individuals who are not able to repay their full monthly debt installments and could be assessed as being over-indebted.
The process of debt counselling requires that a debt assessment be performed to ascertain the qualification and extent of debt and an then individuals capacity to repay this debt.
A  programme to restructure the debt repayment begins between the parties who owe debt, are owed debt and are paid debt.
Ultimately the end will result in a restructure order of court which is a new instruction to the debtor of how to repay the debt and to the creditor on how the debt will be repaid.
Once the debt is absolved, a clearance certificate is issued and the credit record of the debtor is cleared.

Keywords: debt, Debt Counsellor, debt counsellors, Debt Management, Employee Assistance, National Credit Act