Debt is a common occurrence in many communities around the world which includes South Africa. Debt is an amount of money borrowed by one party from another. This measure is used by many mostly in circumstances where they do not have the power of affordability and this borrowed money is normally paid with interest. Bonds, loans and commercial paper are all examples of debt.The dilemma however with all these forms of debt is how to manage it and pay it off smoothly. One business firm assisting many in this regard is Greenfern.
Established in 2008, Greenfern Debt Counselling based in Bloemfontein has become South Africa’s specialist in the administration of debt counselling and client relationships. This business enterprise is driven by the desire to effectively assist financially debt stressed individuals by supplying an array of the best services as well as train and educate consumers and equip them with the right tools to effectively manage their debt and finances.This assistance to consumers is done through debt counselling.
Debt counselling is the solution that rehabilitates consumers back into the credit market.This debt tool preserves the dignity and well-being of the indebted masses. Any consumer can apply for debt counselling, upon which an assessment is done to determine the state of over indebtedness. If a consumer is found to be over indebted, the debt counselor will notify all creditors and negotiate with them in an effort to get the term of each credit agreement lengthened or reduced. In many cases, the credit providers even agree to a reduced. In many cases, the credit provider even agree to a reduced interest rate. The consumer will then make monthly payments according to the debt re-arrangement until balances have been settled or if the consumer is able to continue with payments at the original contracted rates and instalments.
As soon as the consumer has settled all obligations in terms of the debt review, the debt counselor may issue a clearance certificate which shows that the consumer is rehabilitated.
Greenfern debt counselling can be contacted on 0606790604.