They both felt responsible for the debt and wanted to avoid legal action as a JUDGEMENT can be on their records for 30 years. Because their unsecured debt was extremely costly, they decided to go under Debt Counselling with Free Me Debt Counsellors.
Free Me Debt Counsellors negotiated a repayment plan with David and Mary’s creditors which the creditors accepted. David and Mary were happy with the reduced amount they had to pay.
David and Mary did not just depend on the Debt Counsellor they made changes to their own life style. They also by doing the following:
• Selling unwanted goods on Face Book, Olx and Gum Tree
• Generating additional income
• They opened a separate savings account to save money
David and Mary saved an amount of R50 000 which they then approached Free Me Debt Counsellors to see which debt they could settle. Free Me then approached the creditors who had the smallest balances and offered them 70 cents in the Rand which they then accepted. These accounts were then removed from Debt Counselling and all the other accounts were then settled a few months later.
Free Me Debt Counsellors then issued a form 19 (clearance certificate) to David and Mary. Since then David and Mary has bought their own house and car.
Quote – Sacrifice
Through cutting expenses, getting on a budget and selling some unused items in your house you also can become DEBT FREE – The journey starts with YOU
Call Ron 082 8281258
