For people who are drowning in debt and in need of a financial remedy, debt counselling is a fantastic choice. But a lot of folks don’t know if they qualify for debt counselling, especially if they don’t have a job. In this post, we’ll talk about the requirements for debt counselling eligibility and how it might benefit jobless people.
Debt Management for Unemployed People
Debt counselling is still a good choice even if you’re unemployed. You can pay for debt counselling if you have additional income sources, such as rental income or a pension. Additionally, some debt counselling organizations have flexible payment schedules, allowing you to still get the assistance you require even if you are jobless.
Advantages of debt counselling for the jobless
For people who are battling with debt, debt counselling can be a lifeline, especially if you are jobless. The following are some advantages of debt counselling:
- Reduced monthly payments: by working out a payment plan with your debt counsellor, you can reduce your monthly payments, making it easier to manage your debts.
- Stress relief: dealing with debt can be stressful, but with debt counselling, you can take the pressure off and let your debt counsellor deal with your creditors.
- Protection from legal action: if you are struggling to repay your debts, your creditors may take legal action against you. However, once you are under debt counselling, your creditors are not allowed to take legal action against you.
- Enhanced credit rating: you can raise your credit score and make it simpler to receive loans or credit in the future by finishing debt counselling effectively.
For a customized financial solution plan, call Financial Debt Advisors at 0212710223 or fill out a form on our website: https://flda.co.za/