Our services on offer.
If you want quality and top of the line support you’ve found it here. This process is aimed to assist clients that are on longer over-indebted and can manage to maintain their debt repayments.
Debt Mediation
Debt mediation, or sometimes referred to as debt arbitration, allows you and your creditors to come to an agreed upon arrangement that is beneficial to both parties. As debt mediation seeks to establish an agreement that settles the debt, the process is also known as debt settlement. Debt Mediation can allow relief from short-term debt or small portions of your existing debt. In certain cases, Debt Mediation has proven to be beneficial, in that consumers are able to pay back their debts through a new payment plan that is more manageable, even if they do not present as over indebted.
Debt Review
Debt Review is a process that helps customers who are struggling to meet their debt obligations. A debt counsellor approaches your creditors and makes payment arrangements on your behalf, reducing your payments to a manageable amount monthly. How long the debt review process lasts depends on a number of things, such as the amount of debt that you have and how much you can afford to repay, amongst others. Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate Debt Review is a process that helps customers who are struggling to meet their debt obligations.
Debt Review Removal
This is a legal process that is governed by Section 87 (1)(a) of the National Credit Act 35 of 2005. This process is aimed to assist previously registered debt review clients that are no longer over-indebted and can manage to maintain their debt repayments. The Debt Review Removal Process as mentioned above is a legal process and you will need an excellent team of experts to get the debt review listing removed from your credit profile. The Initial Debt Review Flag on Your Credit Record does not mean that you are over-indebted and under debt review. It only shows that you have requested assessment by a Debt Counsellor and you are deemed to be over-indebted.