[Process] Videos
https://registereddebtcounsellors.co.za/
Cal : 087 135 5025 or email: info@registereddebtcounsellors.co.za
RESTRUCTURE ALL YOUR DEBT INTO ONE AFFORDABLE INSTALMENT.
WHAT IS DEBT REVIEW?
South Africa currently has over 12 million over-indebted consumers out of 20 million credit active consumers. Drastic action was needed to help and In 2007 government passed the National Credit Act 34 of 2005(hereinafter referred to as “The Act”. The Act came into full force along with guided regulations which helped with the procedure and implementation of the Act.. The National Credit Regulator overseas enforcement of the Act and all Debt Counsellors must be registered with it. Debt Counsellors are given a registration number which can be verified on the National Credit Regulator’s website.
S86 and 87 of the Act deals with Debt Review applications. A person is over-indebted if they cannot pay for some or all of their monthly debt obligations after living expenses are deducted from their nett salary.
HOW DEBT REVIEW WORKS?
Many countries have adopted debt counselling to assist their citizens who are struggling financially. Debt Review in South Africa works similar to other countries. Debt Review is a process that allows an over-indebted consumer to have their debt restructured so that they have more disposable income available. This is achieved by reducing their monthly debt repayments to each creditor pro rata. As Debt Counsellors we have industry leading software which helps us achieve this. We are able to calculate a consumer’s estimated debt repayment over an established period. Debt Counselling has rules often referred to as Task team Agreements. It serves as a guideline and is followed by Debt Counsellors and Creditors so that there is general uniformity. Credit agreements must solve within a specific period, meaning the terms are only allowed to be extended to certain period dependent on the credit agreement concerned.
Many of our clients who have applied for Debt Counselling are happier and more at peace. They no longer have to worry about debt and are able to sleep peacefully. Debt can be a burden on your health and wellbeing. As Debt Counsellors we are very compassionate to our clients. After you apply for Debt Counselling, you can forget about your debt repayments and focus on the more important things in life that matter.
Contact us for a free assessment.
A review of the Florida Mediation process by Florida consumer defense attorney R. Scott Cedola. Visit his office at http://www.cedolavincent.com or call 866-475-DEBT (3328).
DebtBusters, South Africa’s award winning and most TRUSTED debt management company offers Debt Counselling to over-indebted South African consumers struggling to manage their debt.
DebtBuster’s believes in giving South African consumers a second chance to build a brighter financial future. The stories we hear from our clients, about how they have been able to transform their lives through DebtBusters debt counselling, is at the core of what drives us.
Why is Debt Counselling with DebtBusters different?
We are South Africa’s most trusted Debt counsellor and have been since 2007
We pride ourselves in building lasting relationships with our clients
We are values driven; pride, growing people, service excellence, forward thinking, integrity, accountability and passion
We are the only Debt Counsellor offering a self-help customer portal – Smartcents (www.smartcents.co.za)
Our teams have bright dedicated and service oriented people who are passionate about helping our clients
Our people continually improve what we do so that we can deliver innovative and unique financial services
www.debtassistant.co.za
Stop the worry today
In the following Video Nicolette discusses the debt review/counselling process
Debt Busters CEO Ian Wason explains the debt counselling process
At http://www.debtcounsellinghelp.co.za we have an easy 6 step application process:
Step 1: Complete the call back form online at debtcounsellinghelp.co.za. A DebtSafe call centre agent will contact you to give you a step-by-step explanation of how the process works and send you an application form.
Step 2: Within two working days a personal consultant will contact you to discuss the details of your application.
Step 3: Once you have signed the application form, your creditors will be notified within five working days. You are now in debt counselling and protected from creditors.
Step 4: Your new Personal Payment Plan will now be sent to all creditors with new instalments.
Step 5: We will have your application issued at your local magistrate within 60 workings days.
Step 6: The debt counsellor will facilitate your debt re-arrangement application at your local magistrate.
Debt-Savvy’s Founder & Managing Director explains the application process and the fees applicable during the period you are under debt review. Learn more at https://debt-savvy.co.za/ or follow us on Facebook here: https://www.facebook.com/DebtReviewExperts/
DebtBusters CEO, Ian Wason, explains the Debt Counselling Process
