Debt Rehab White River

Cell: 082 466 0512   -   Tel: 013 750 3161   -   Fax: 086 244 4001

Email: debtrehab@telkomsa.net   -   Website: www.debtrehabforyou.co.za

WHAT TO DO!

Make a list (buy exactly what you need) Plan and draw up a budget Do a monthly shop for the household for non perishables then only buy fresh stuff once a week Check out all the specials Give a gift from the heart (something homemade) Draw the cash you need for shopping - that way you can't spend more.

WHAT NOT TO DO!

Don't shop hungry. Have a meal before going shopping. That way you will be less inclined to buy more. Things look so much more appealing on an empty tummy and you'll be prone to buying unnecessary extras. "This is a proven fact" Do not buy food on credit. "Who ever heard of eat now pay later?"

WHAT TO DO AND WHAT NOT TO DO WHEN

FOCUSING ON YOUR DEBT

TIPS ON HOW TO SAVE AND HOW TO SHOP
SHOP AROUND - For the best prices on your purchases, Ask for a quote before buying the goods on credit. Don't let the credit provider bully you into taking their "credit life insurance", you may use your own existing policy. Your are not obliged to use theirs. BE HONEST - Often people tell the bank what they want to hear in order to have the loan approved. You'll only be hurting yourself in the end. REDUCE YOUR INTEREST - Reduce your interest payments by saving up some money before buying an expensive item. Use that as a deposit, this will shorten your term of payment and interest factor. BE PROACTIVE - If you have difficulty paying back monies that you have borrowed, this should serve as a warning sign that you are running into financial difficulty. BE PUNCTUAL - Pay on time. This will reflect on your credit bureau record UNDERSTAND THE TERMS OF THE LOAN - Vehicles re section 127 of the act. Voluntary surrender of goods. You are still liable for any shortfall. PROTECT YOUR ASSETS - Keep them insured KEEP A RAINY DAY FUND - For emergencies NEVER EVER BORROW FROM ONE DEBT TO PAY ANOTHER - This is big trouble. This is a no no DON'T IGNORE YOUR DEBT PRIORITIZE AND PAY - Pay the one with the highest interest first CUT DOWN ON EXPENSES - Do what you can yourself instead of paying someone else to do it KNOW GOOD DEBT FROM BAD DEBT NOT ALL DEBT IS BAD - Good debt mans you are able to borrow the money and repay it on time. This way you build up a good credit record which enables you to borrow in the future. On the other hand, bad debt means you take out a loan, but are unable to repay on time and you don;t have enough money to live on.
SMS YOUR NAME & NUMBER AND WE WILL CONTACT YOU - CELL: 082 466 0512 All enquiries / information will be treated with confidentiality as laid down by the National Credit Act, Act 34 of 2005

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