Debt review is one of the most effective tools for debt management. By consolidating several debts into one, you can lower your monthly payments and actually see your debts dissolv- ing every month. There is no more trying to keep track of whom you owe money to.

Debt counselling is a process of assisting consumers that are experiencing debt related problems through:-

• ♦ Budget advice;
• ♦ Restructuring their payments;
• ♦ Negotiating with credit providers on their behalf, and
• ♦ Monitoring their payments while
• ♦ Providing after-care services

When you are suffering under the yoke of over-indebtedness, then you need a debt counsellor.A consumer is considered to be over-indebted if the money available after payment of essential expenses is not enough to pay all other debts.

Herewith some indicators of over-indebtedness:-A consumer is over-indebted when he/she cannot service all his/her debts in a timely manner as agreed in the credit agreements. The following are indicators of over-indebtedness:-

• ♦ You use your credit card and overdraft facilities to pay debts and buy other necessities;
• ♦ You borrow money to pay other debts;
• ♦ You skip payments on some accounts in order to pay others;
• ♦ You cannot pay your bills at the end of the month;
• ♦ You receive letters and summonses from creditors and/or lawyers;
• ♦ You are considering being placed under administration;
• ♦ You have judgments granted against you.