Put in place through the National Credit Act (NCA).
We offer our clients a hassle free experience as we do everything within our company regarding our clients debt review process, guaranteeing peace of mind, so that they can focus on what really matters.
Our qualified Debt counsellors genuinely care about our client`s livelihoods and well being. We pride ourselves of providing the best service with regards to debt review, so that our clients end up having a brighter and debt free future.
A debt relief option available in South Africa.
Created to help over-indebted consumers who are struggling to repay their accounts.
Put in place through the National Credit Act (NCA)
Monitored by the National Credit Regulator (NCR).
We helped thousands of South Africans to become financially free.
Although debt review is extremely effective, especially in the long run, it’s important for you to know what to expect during your journey to financial freedom. To help you make an informed decision about whether to apply for debt review, here’s a list of the advantages of debt review.
When you go under debt review, you no longer have to stress about your monthly debt payments. A debt counsellor will simplify the process for you. You only have one fixed lower repayment per month to pay towards your debt.
Debt review was introduced by the National Credit Act (NCA) in 2007. Since then, debt review has been an extremely effective way to get out of debt. Debt Review has saved thousands of South Africans from losing their assets, becoming blacklisted and allowing them to live without the heavy burden of debt taking away money from living expenses.
What are the advantages of debt review?
One fixed monthly payment
The more account payments you have due every month, the easier it is for you to accidentally miss a payment. Missing a single payment can affect your credit score and result in late payment fees. Another problem arises when your household income isn’t high enough to cover all of your debts. Which creditor do you pay? How do you keep track of all your payments? Do you have to take out more debt to make it through the month?
Reduced monthly payments towards debt
The main aim of debt counselling is to help you pay off your debt for good, while still allowing you to have enough money to cover your other expenses.
Your debt counsellor will reduce your monthly repayments towards debt by extending your repayment period. Therefore, by paying a decreased amount every month, you can afford to pay off your debt and cover all of your other living expenses.
Legal protection
Once you’re under debt review you will not have to worry about any legal letters or phone calls from creditors. You and your assets are legally protected by the NCA from creditors. This means that creditors may not hassle you. Your debt counsellor will take over all communication with creditors on your behalf.
No blacklisting