At Pay Plan Solutions you will get credit counselling service for an affordable cost, our professionals are qualified and trained and have the right knowledge to solve your worries and anxieties

1. It was so easy to get into debt, and now it seems so hard to get out of debt.
Sometimes debt feels like a product of a modern world, like fast food and disposable
electronics and we all just learn to live with it. Who doesn’t these days listen to the SMS
message indicating that our salaries have cleared, only to start hearing the same
messages that follow when the debit orders run off the following day?
Very few people can afford cars or houses without debt and then the argument follows
about good debt and bad debt. Well, all the viewpoints are probably partially valid, but
let us also argue that perhaps living with only car and house finance, which are relatively
low interest secured loans is like the modern form of healthy living. Let’s also admit that
the high interest, unsecured debt is usually what gets people into trouble.
Why is it so different you may ask? Well, it is at a much higher interest rate for starters.
A really simple way to get a rough idea of the true cost of your credit is to multiply the
monthly instalment by the number of months of the loan agreement. This is often what
you’ll see. A R50 000 consolidation loan paid over 60 months with an instalment of
R2206 per month quickly becomes total cost of credit of around R132 000. This is where
Debt Counselling can play such an important role in getting you out of debt. You see,
just like the consolidation loan it can extend the term on your repayments, but with one
major difference. It can dramatically reduce the interest you are currently paying and
will also strip out some of the monthly fees usually associated with these loans. Debt
counselling also gives you that advantage to help you budget better, but creating only
one instalment you need to worry about. It is all about better money management. Debt
Counseling is also the only debt repayment process that can clear your credit record and
increase your credit score. By getting you out of debt, closing those unnecessary
accounts and making you cash wise, you will also save a lot of money in interest
payments that have been eroding your salary until now. Debt Counseling can definitely
help you to get out of debt and return you to financial wellness. Start your journey
towards a healthy financial future.