Set up a personal consultation with the Debt Counsellor and provide the Debt Counsellor with comprehensive details of your income, budget and debt commitments. Once the Debt Counsellor assessed your situation, and over-indebtedness is confirmed (monthly expenses exceeds your monthly income), our application form must be completed.
Credit Providers and Credit Bureaus are notified and Credit Providers provide a Certificate of Balance.
After receipt of outstanding balances, a restructured payment plan will be sent to the relevant Credit Provider. The restructured plan will reduce your monthly debt repayments to an affordable amount, leaving you with sufficient money for living expenses. The agreed-upon repayment plan will require a single monthly repayment until your debt is settled.
Our specialist attorneys will apply to court to obtain a granted order. You are well on your way to a less stressful financial future.
Ensure that your monthly payments are made timeously in order to prevent Credit Providers from taking legal action against you. Once debt is repaid, a Clearance Certificate is issued. You are now free to apply for new credit. All records relating to the debt review process will be removed from the relevant Credit Bureaus.
I would like to thank Tania and her team for their outstanding service. Being on debt review is extremely frustrating but Tania has efficiently dealt with all the queries and mishaps and hiccups. I appreciate the speedy response whenever I have had any problems and the feedback and resolving of the problems. Thank you for your continued support and helping me through this difficult journey.