July 2022 Debtfree Issue
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ARE YOU READY FOR WHEN DISASTER STRIKES<br />
A RECENT<br />
EXAMPLE<br />
As an example, consider the<br />
consumers who live in KZN and<br />
were affected by the flooding or<br />
recent riots in the area.<br />
Because they were in debt review, they were<br />
not left on their own trying to figure out<br />
what’s best. They were able to reach out to<br />
their Debt Counsellors to get advice.<br />
The Debt Counsellors then spoke to the<br />
various credit providers about the situation.<br />
Most were very sympathetic and open to<br />
making temporary changes to repayment<br />
plans. The Debt Counsellor was able to gather<br />
info from their client, do some math and work<br />
out a temporary repayment plan, and in some<br />
cases a total rework of the overall plan.<br />
Debt Counsellors were also able to remind<br />
consumers about the different types of<br />
insurance they had on their credit accounts<br />
(or specialized ones they took out when they<br />
began debt review).
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