Consolidation of Debt

WebsiteWebsite
http://www.libertineconsultants.co.za/
Email IdEmail Id
info@libertineconsultants.co.za
Website:- http://www.libertineconsultants.co.za/ Email Id:-info@libertineconsultants.co.za

About UsAbout Us
Libertine Consultants is a highly professional and effective company. The
Company is a registered close corporation with registration number
2008/148827/23. We are also registered with the National Credit
Regulator under registration number NCRDC592. There are two
members of the company, namely Julie Duminy and Kim Armfield.
Julie Duminy is the head of Client Liaison. Julie was a Micro-Finance
Agent with the Land Bank for a number of years and also held workshops
to train and eductate people in budgeting and saving. Julie remained in
the financial industry after leaving Land Bank and continued to market
products to assist the financially overburdened.

Our ServicesOur Services
Debt Consolidation
Debt Counselling
Business Rescue & Turnaround
Debt Solutions
Consolidation Loans
Credit Clearance

Debt ConsolidationDebt Consolidation
Debt Consolidation with one lower affordable monthly payment. Debt
Counselling in Cape Town. Debt Consolidation will help you get back
on track with your Debt. There is a plethora of debt solutions in the
market to suit the different preferences of debtors although a lot of
choices depend on the amount of debt and the debtors’ attitude.
There is really no ‘quick fix’ to a debt problem as there are various
factors at play that may suck the debtor into a deeper pit.A
consolidation loan has a plethora of fees and costs from service
charges and miscellaneous administration duties that rob the debtor
of excess funds. Hence, a consolidation loan is not a viable solution
to those who want to pay off their debt efficiently.

Debt CounsellingDebt Counselling
Debt counselling [debt review] is a form of debt consolidation in that
the Debt Counsellor will assess the Consumers application and
determine whether or not the Consumer is over-indebted. Generally
speaking, a Consumer is over-indebted if the amount that he has left,
after deducting his expenses from his nett income, is insufficient to
cover all the required monthly payments of creditors.
The Debt Counsellor then draws a payment schedule in which he
makes an offer to each Creditor. More specifically, the Debt
Counsellor will take the amount that the Consumer will have
available.
Website:- http://www.libertineconsultants.co.za/ Email Id:-info@libertineconsultants.co.zaWebsite:- http://www.libertineconsultants.co.za/ Email Id:-info@libertineconsultants.co.za

Business Rescue & TurnaroundBusiness Rescue & Turnaround
Business rescue was introduced by Chapter 6 of the Companies Act,
71 of 2008, as an alternative to judicial management and liquidation
of a company. It is a measure that should be adopted before the close
corporation or company is factually insolvent, as any proposed
business plan must in practice envisage the rescue and turnaround of
the business.
As it can be a costly exercise to rescue a business, it is more ideally
suited for a company as opposed to a close corporation. It is
furthermore our experience that in many cases, the owner of a
business simply needs an objective viewpoint on how to re-assess
the current business practices, expenses and employment contracts.

Debt SolutionsDebt Solutions
The following is real life situations that we have encountered in our
business, with a view to sharing with you situations to avoid, or
encourage you, or to give you an insight into what we do. For reasons
of privacy, we have not mentioned the real names of the individuals,
but what Debt Solution helped them.
May a Debt Counsellor Reduce Interest Rates?
When a consumer is asked what their interest rate on a loan is, they
very seldom know. What they know at the time of taking out the loan
is that they want, or need, the funds and they barely glance at the
quotation that is given them.

Consolidation LoansConsolidation Loans
There are many consumers who want a 'quick fix' and who believe
that a consolidation loan. A consolidation loan may well be attractive
in that it settles existing loans in the first instance, the consumer does
not realize that they are actually paying interest on interest. The
consumer already has loans and accounts on which interest has
accrued and taking a consolidation loan is financing all the interest
that has already been paid, or has accrued, on all the other loans and
accounts.The consumer is effectively throwing money away on further
interest.
Staying on the issue of interest, most (if not all) of these loans carry a
high amount of interest, especially if the total value of the loan is high.
The instalment that the consumer has to pay back very often is
mostly interest, until the capital starts reducing.

Credit ClearanceCredit Clearance
This is the clearing of court Judgments in order to rehabilitate your
credit record or having adverse listings lifted from your account. A
judgment is a court order that is granted (in your absence) after
summons has been served on you and where you have not defended
the action or made suitable arrangements. As it is a court order that
has been granted by a court, it has to be set aside by the same court
in order for it to be removed from the record of the credit bureau.

Contact UsContact Us
Libertine Consultants
7 Voortrekker Road
Bellville,
Western Cape, South Africa 7530
Phone: +27 (021) 949 2211
f: 0866 90 66 24 / +27 (21) 949 1156
e: info@libertineconsultants.co.za

Consolidation of Debt

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Consolidation of Debt