Thank you very much for the attached information. Where were you 5 years ago in my life? Let me give you the background with regards to my financial dilemma.
About 5 years ago I experienced a rather bad patch in my life. Before then I had a perfect credit record. As is often the case, my difficulties were emotionally driven – I was left after a relationship of 11 years with all the credit cards etc.
So not knowing how to deal with the dilemma (and doing nothing for a while as I had a lot of emotional issues to deal with), I turned to debt counselling.
Which seemed to be the best answer at that stage. The debt that I am responsible for are all credit cards, which I still cannot understand how one person could get SO much credit on credit cards with my salary at that stage. I don't think affordability etc played such a big role back in the day. The other debt that I had was my car at MFC. The car I gave back to them just a couple of months into debt counselling. I currently do not own a house or a car. I have no fixed assets. The car I drive is my mother's vehicle. After 5 years under debt counselling, it seems as if I now owe MORE money than that with which I started. The debt councillor at no stage had a discussion with me in regards to how much money will be paid and to whom, and by when my debt will be cleared.
My financial situation is something that I must admit that I have been trying to ignore, as it really scares me. And the fact that I do not know what the best thing is to do, and have someone trustworthy to assist me, kills me even more. I have lodged a complaint at the NCR with regards to my debt councillor, and they send me an e-mail saying that they are assessing the situation. Every time I phone the debt councillor to ask if they can help with the how much was the initial debt, how much was paid over, when will I be finished paying – I get absolutely no response.
I have moved many times within the last 5 years, and much of my paperwork got lost. I do not even know which companies I am supposed to pay – where my debt is?
...End
EUGENE PRINSLOO
Partner
Meecham, Prinsloo & Associates
Personal Debt and Insolvency Practitioners
We are not debt counsellors and we do not offer debt counselling as a solution.
Call/SMS/Whats App 0813166983
Email eugene@meechamprinsloo.co.za
Fax 0867644392
Do you know anyone that struggles with debt? Refer them to us and we will take good care of them.
We are also able to offer you a referal commision, so talk to us and let us know who you know that needs help, just send us their email address and we will do the rest.
