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Step 1 –
Select us
as your NCR accredited
Debt Counsellor
Step 2 –
We
at Essence Debt
compile all
documentation
Step 3 –
Together,
we
evaluate the level
of your indebtedness
Step 4 –
We negotiate
with all your
creditors
Step 5 –
We implement
your
reduced
payment plan
We can protect you and your family against loss of your
hard earned assets today!
The process with the creditors is managed by Essence
Debt Counsellors , who represents
your best interests.
We will develop A
Repayment Plan For You
That Is:
Affordable to you
Acceptable to all of your creditors
This repayment plan will still
allow you to meet your basic living expenses.
Once your Essence Debt Counsellor has notified
your creditors of your application for
debt review, your creditors cannot:
take any further legal action against you, or
repossess any of your assets for a
period of three months (60 working days)
You will be required to pay a reduced,
affordable instalment.
What
Debt Counselling
is NOT?
Debt Counselling is NOT Administration, Sequestration or
Debt Consolidation. With Administration and Debt
Consolidation, you hand control of your finances over to
a third party and end up paying off your debt over a
very long time. You will also pay back much more that
your original debt. With Sequestration, your assets are
sold off to cover your debts, leaving you without any
assets and an inability to obtain credit. Not a happy
place to be!!
Debt Counselling allows you to keep all your assets and
pay back all your debts in as short a time as possible.
Once you have applied, none of your creditors may take
legal action (repossessions, garnishee orders etc.)
against you. If you are over-indebted, there is really one viable option.
Essence also offers……..
Business Advisory Services:
BEE advice (at individual level for empowerment).
Management Consultancy.
Strategy development and implementation.
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