Debt counselling is a formal debt management solution introduced by South Africa’s National Credit Act of 2005.
You only pay what you can afford, after provision is made for all your necessary living expenses, like school fees, groceries, chronic medication and travel expenses.
Most consumers will be able to exit the debt counselling process within 3-4 years and even earlier, if certain criteria are met.
Debt review can protect your assets by arranging an affordable repayment plan.
The benefits summarised:
· Pay one affordable instalment to all your credit providers.
· Stop debt collectors from harassing you, as the debt counsellor will mediate on your behalf.
· You will save on interest and pay off your debts faster by means of the cascading effect.
· Stop legal action and save your house and vehicle from repossession.
Debt management is a debt solution targeted at South Africans who are struggling to make debt repayments, but are not yet over-indebted.
Debt Rescue is where we get your creditors to decrease your instalments and interest rates. In addition to having your monthly debt repayments reduced, a court can order that certain debts that were recklessly granted be written off.
Consolidate your debt into one affordable payment at reduced interest rates.
We can give you debt advice on how to manage your debt.
If your employees are suffering from too much debt we can help. Retrenched employees can apply for debt review, if they are married in community of property and their spouses are employed. The debts of the common household are restructured to allow for all necessary living expenses.
If you are blacklisted or negative information is listed by credit bureaus, we can assist in removing it.