LegalWise

Legal Wise is a credit provider that's been helping customers for a number of years with debt counselling. It's become evident that clients are battling to pay all their loans at once.

As a result of that, they fall behind on their financial obligations such as personal loans and other credit plans.

An impressive service record

It becomes increasingly difficult for a customer who has a number of debts to settle. The more they're debt becomes the harder it is to pay everything at once.

Preferred debt counselling provider

A number of people prefer their services because they have proven time and time again that they have your best interests at heart.

LegalWise is a step in the right direction

The National Credit Act implemented debt counselling as a financial remedy for seemingly financially struggling customers. Ever since this innovation started, drastic changes have come into being.

LegalWise doesn’t hinder anybody from having loans and debts. The only problem is when you start missing payments due to having other obligations to account for.

What is a debt review?

Debt review is when you feel you can no longer afford all the loans you're paying for. As a result of that, you ask for debt consolidation. This is an amalgamated credit process where financial providers combine all your loans and make them one big debt. In order to qualify, you need to be a South African citizen, get a salary on a monthly or weekly basis, and be a pensioner or a certified spouse.

How does the process work?

There's a systematic process that has to be followed. For starters, they'll first have to check your finances to see if you qualify for debt consolidation. Secondly, the debt counsellor will clarify after assessing your financial situation if you're struggling to pay your loans or you are simply unable to prioritise payments and expenses. If there's a reason to believe that you can’t pay your debts, you'll get a new credit plan that'll have to be adhered to. The debt review will make your creditors know of the new guidelines set.