COVID 19 Lockdown Effects on Ability to Pay Debt
Debt Counselling from Garden Route Debt Counsellors
We are currently in Level 3 of the National Lockdown which means that most businesses are able to start working and bring their staff back to work but you might be affected in the following way:
- You might now be earning a lower salary due to employers’ inability to maintain the post-lockdown salaries for employers or less working hours due to maintaining COVID 19 Regulations in the workplace
- One of the salary earners in the household has been retrenched due to the economic downturn and business closures.
- You made use of credit to be able to survive during the period of no income and now cannot afford the increased instalments on your credit facilities.
Debt counselling can be your answer.
In order to apply for debt counselling, you need to have a monthly income. While under debt review, your debt counsellor will negotiate lower interest rates with your creditors and arrange for one reduced monthly payment. Now that you are back at work, debt counselling is a solution to large numbers of South Africans.
For more information n debt counselling, contact Garden Route Debt Counsellors to speak to a professional debt counsellor with years of experience.