0716736230
- South Africa
- East London
- Legal Services
- db Debt Counsellors
db Debt Counsellors - East London
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Listing - +9Years
With Us
Company name
db Debt CounsellorsLocation
Suite 4002, The Towers, Vincent Park, Vincent, 5247, East London, Eastern Cape, South Africa
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Contact number
Mobile phone
Fax
0865725349
Website address
Working hours
- Monday: 08:00-16:30
- Tuesday: 08:00-16:30
- Wednesday: 08:00-16:30
- Thursday: 08:00-16:30
- Friday: 08:00-14:00
- Saturday: Appointment
- Sunday: Closed
Company manager Annaline Le Keur
Establishment year 2013
Employees 6-10
E-mail address
Listed in categories
Company description
In the South African consumer market it has been too easy for a person to access credit that is way beyond their means of repaying the debt. This has led to the situation where people are officially over-indebted. What tends to happen in this situation is that the consumer embarks on a “lending spree” where they need to borrow more and more as each month goes past just to make it through the month. They also let insurance policies lapse and start paying some accounts every second or third month. The problem with this trend is that, at some point, they will no longer qualify for any further credit and that the interest being charged on their existing debt is often more than the instalment that they are paying. This consumer will now be stuck in debt perpetually. The options for this