If you need financial help because the burden of debt has got hold of you in the midst of the current crisis then you are certainly not alone. Most people in South Africa fall under the middle and lower income brackets and access to medical treatment is limited so stress and anxiety get the better of some resulting in them needing medical attention and doctors which in turn means more monthly bills and expenses, it can become a vicious cycle. Struggling businesses and retrenchments are forcing people in debt to seek assistance from organisations such as LifeLine and the South African Depression and Anxiety Group (Sadag).

Debt counselling for those in need of financial help quickly is available for people who think they are heading for a crisis and there are solutions for those who want to avoid being in a desperate situation. The banks and other finance credit providers do not want to lose money and in the midst of the current recession are becoming more understanding and accommodating when it comes to paying back debt provided people make an appointment to go and speak with them in person. Any debt counselor will tell you that changing your phone number, postal address and trying to avoid calls from people you owe money to is eventually going to land you up in trouble.

Talking to creditors and making new arrangements on how you are going to pay back the money and over what period will go a long way in gaining trust and avoid getting into deeper problems. Look around your home for the more ‘luxury’ items that you could possibly do without such as satellite TV for example or for items that you may be able to sell just to assist you with extra cash on a temporary basis for now and buy you a little more time. The most important thing to understand is to be totally honest with yourself and those around you, swallow your pride and speak up quickly if you are desperate and need financial help quickly.

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