What does Cape Town debt counselling cost?
Once debts begin to accrue, paying off the interest and late fees can cost a fortune. Understandably, many consumers are hesitant to spend even more money on debt counselling services. However, the cost of a Cape Town debt counselling company is minimal, compared to the alternatives. A breakdown of the costs is as follows:
- R50 is applicable at the onset, and if necessary a R300 rejection fee.
- A restructuring fee on acceptance that will not exceed R3000
- The debt counsellor is entitled to a 5% after-care fee, not exceeding R300 per month.
- If the consumer withdraws from the process they will forfeit 75% of the restructuring fee.