MEG Debt Counselling CC

Description about MEG Debt Counselling CC

MEG Debt Counselling

What does our service entail:
Review debt
Assess whether client is over-indebted or not
If over-indebted
calculate new repayment terms
advise client of proposed repayment terms
act as a mediator between client and credit provider
negotiate reduced interest, fees and extended payment terms
facilitate debt repayment terms with credit providers
make recommendations to credit providers and or Magistrate courts on behalf of
clients that are over-indebted
advise clients on how to work out a budget
basic information to highly indebted clients to resolve their everyday credit problems
not to get caught in a debt trap again
If NOT over-indebted
advise client on how to budget and avoid becoming over-indebted

How does an over-indebted client benefit from our service:
affordable payments
one payment a month to the Payment Distribution Agency (PDA)
no legal action by credit providers
no further debt until debts have been paid up
learn how to budget
no more sleepless nights

The client is responsible for:
paying the Debt Counsellor the agreed fee
paying the re-negotiated payments to PDA
not defaulting on payments
not making any further debt

If a client defaults on payments:
you will be removed from the debt review process
your credit providers and credit bureaus will be notified
your credit providers may take legal action against

Once a client's debt is paid up:
A Clearance certificate will be issued by the Debt Counsellor
Clearance certificate will be sent to credit providers and credit bureaus

About MEG Debt Counselling

MEG Debt Counselling CC is owned and managed by Megan Wasson,
a registered Debt Counsellor with the NCR.
Our motto is Mediation Education Governance