Debt Counsellor

Midrand - South Africa

Monthly Salary: Not Disclosed

Posted on: 5 days ago

Vacancies: 1 Vacancy

Job Summary

Key Roles of a Debt Counsellor:

Assessment: Evaluate the consumers income and expenses to determine if they are over-indebted as described by Nedbank.
Negotiation: Liaise with creditors to reduce interest rates and extend repayment periods to make installments affordable according to
Restructuring: Create a formal repayment plan often formalized by a court order protecting the consumer from creditor legal action.
Consolidation: Combine multiple debt repayments into a single monthly payment.
Protection: Advise clients handle legal paperwork and protect assets like homes or cars from repossession as discussed on the National Debt Counsellors website.
Finalization: Issue a clearance certificate once all debt (excluding home loans) is repaid to clear the consumers credit record as explained on the National Debt Counsellors website.

Key Roles of a Debt Counsellor:Assessment: Evaluate the consumers income and expenses to determine if they are over-indebted as described by Nedbank.Negotiation: Liaise with creditors to reduce interest rates and extend repayment periods to make installments affordable according toRestructuring: Cre...