{"id":6,"asset_id":65,"title":"If you can no longer afford to pay your debts, debt counselling could be of help","alias":"if-you-can-no-longer-afford-to-pay-your-debts-debt-counselling-could-be-of-help","introtext":"<p>At times and for many reasons such as recession, change in circumstances and others, consumers find themselves in a debt trap and no longer able to pay their monthly debt repayments. Consumers who are in this situation should not hide, feel despondent or despair; there is a debt relief measure in terms of the National Credit Act (NCA) which could provide relief. This debt relief measure is called debt counselling which is offered by National Credit Regulator\u2019s (NCR) registered debt counsellors, says Kedilatile Legodi, Manager: Debt Counselling at the NCR.<\/p>\r\n<p>Through debt counselling, consumers can be assisted by getting advice on how to budget and a debt counsellor will negotiate with credit providers on behalf of the consumer for reduced payments and ultimately restructure their debts. \u201cIf your income is not enough to pay for all your living expenses and all of your debts, chances are that you could be over-indebted.\u201d There are a number of signs that can assist to check whether a person is over-indebted or not, such as a consumer who cannot repay his \/ her debts on time as agreed with credit providers; taking out loans in order repay other loans; using a credit card and \/ or overdraft facility to pay debts, buy food and other necessities; skipping payments on some accounts in order to pay others; starting to receive letters of demand and summonses from credit providers and\/or lawyers and having judgments granted against them. \u201cThese are the\u00a0<\/p>","fulltext":"","state":1,"catid":"2","created":"2019-03-06 15:24:39","created_by":"915","created_by_alias":"","modified":"2019-03-06 15:24:39","modified_by":null,"checked_out":null,"checked_out_time":null,"publish_up":"2019-03-06 15:24:39","publish_down":"0000-00-00 00:00:00","images":"{\"image_intro\":\"\",\"float_intro\":\"\",\"image_intro_alt\":\"\",\"image_intro_caption\":\"\",\"image_fulltext\":\"\",\"float_fulltext\":\"\",\"image_fulltext_alt\":\"\",\"image_fulltext_caption\":\"\"}","urls":"{\"urla\":false,\"urlatext\":\"\",\"targeta\":\"\",\"urlb\":false,\"urlbtext\":\"\",\"targetb\":\"\",\"urlc\":false,\"urlctext\":\"\",\"targetc\":\"\"}","attribs":"{\"article_layout\":\"\",\"show_title\":\"\",\"link_titles\":\"\",\"show_tags\":\"\",\"show_intro\":\"\",\"info_block_position\":\"\",\"info_block_show_title\":\"\",\"show_category\":\"\",\"link_category\":\"\",\"show_parent_category\":\"\",\"link_parent_category\":\"\",\"show_associations\":\"\",\"show_author\":\"\",\"link_author\":\"\",\"show_create_date\":\"\",\"show_modify_date\":\"\",\"show_publish_date\":\"\",\"show_item_navigation\":\"\",\"show_icons\":\"\",\"show_print_icon\":\"\",\"show_email_icon\":\"\",\"show_vote\":\"\",\"show_hits\":\"\",\"show_noauth\":\"\",\"urls_position\":\"\",\"alternative_readmore\":\"\",\"article_page_title\":\"\",\"show_publishing_options\":\"\",\"show_article_options\":\"\",\"show_urls_images_backend\":\"\",\"show_urls_images_frontend\":\"\"}","version":1,"ordering":null,"metakey":"","metadesc":"","access":"1","hits":null,"metadata":"{\"robots\":\"\",\"author\":\"\",\"rights\":\"\",\"xreference\":\"\"}","featured":"0","language":"*","xreference":""}