CORPORATE SERVICES

Our professional debt advisors and legal consultants provide corporate services including specialised training on legal subjects and debt counselling for staff to assists corporates and their employees with regards to legal requirements, compliance, practical solutions and employee financial wealth.

On-site training is customised for different businesses and business sectors at required skill levels. Workshop tools are provided and follow up actions are identified and structured, providing simple, practical guiding measures.

Debt solutions such as debt counselling and alternative dispute resolution are explained with advantages and disadvantages related to each process. Immediate confidential assistance will be available after presentations.

Benefits of our debt counselling on-site services:

• We are bound by a professional code to maintain individual confidentiality of clients.
• Professionally, qualified DebtC consultants work with enquiries and applications.
• All debt counsellors are registered*.
• Any concerns and/or queries are addressed there and then.
• It is possible to explain alternative measures face-to-face in an understandable way.
• Applications received at interventions are processed speedily.
• Professional legal practitioners execute required actions in courts.

*Registration of debt counsellors by the National Credit Regulator (NCR) is a statutory requirement in terms of the National Credit Act, 34 of 2005.

Over indebted employees need assistance:

Workers with debt related problems should be assisted. An employer ignoring employee needs in this regard could be (not) acting to the detriment of the business. Debt problems contribute towards unhappy, unstable workers with social and other problems.

It is of cardinal (utmost) importance that the employer recognises possible over-indebted indicators like:

• An employee asking for an employer loan every month.
• Employees acting as if they are distracted.
• Desperate requests for salary increases.
• Employee wants to resign to access pension funds.
• Provident fund backed loans.
• Garnishee orders received.
• Negative credit bureau reports.
• Employees involved in doubtful and questionable situations.
• Regular unwanted/undesired calls (employee acts upset after receiving these calls).
• Employee does not want to answer personal incoming calls.
• Creditors repeatedly calling work requesting to speak to an employee.
• Co-worker and/or supervisor observance of behaviour and/or actions that indicates stress and/or related conditions.
• Reduced productivity.
• Increased sick leave.
• Alleged theft incidents, especially missing cash (from co-workers or the employer).
• Unexplainable losses.

It should be noted that one of these indicators alone does not necessarily indicate a debt problem. All of these possible signs should be considered and used as possible indication that the employee may be in need of assistance.

Debt review (debt counselling) could be seen as a solution for most people who simply do not have enough money to pay all their debts every month, but in certain circumstances it is not possible to do debt review. Examples where debt review may not be the solution are:

• No distributable amount is available to pay any debts.
• A consumer does not earn an income (salary) and can’t pay creditors at all.
• Legal actions by the creditors to collect already started on an all the outstanding accounts, and these legal proceedings progressed too far to negotiate with the creditor/s.

People consider one consolidated loan to be the ideal answer to solve all their debt problems. Where you are still in a position with access to credit and whilst you are still credit worthy a consolidated loan may well be an option. Most people are unfortunately not in this position to get a consolidated loan when they start to encounter payment problems because of:

• Existing garnishee orders and/or emolument attachment orders.
• Debt repayments defaults (accounts in arrears already).
• Credit records that reflect judgements.
• No security available to secure the loan.

We strive to assist people in their best interest because eventually the results will be to the benefit of all parties and will prove to be sustainable. You will receive advice of the suitable option to resolve your unique circumstances.