Debt counsellig is a broad concept. It generally refers to individuals who assist other people that are over-indebted to pay off their debts.

In helping solve over-indebtedness, we act as a bridge between consumers and credit providers in order to alleviate any stress and provide guidance to both parties.

We ensure that your income is used efficiently and that your debts are eventually paid in full and settled.

Benefits:

• We draw up a living budget first to ensure all your essential living expenses are met, then focus on your debt
• We negotiate repayments with all your creditors and ensure you pay one monthly, affordable instalment which gets disbursed to your creditors.
• We are able to influence your interest on your outstanding balances
• Peace of mind in that your legal assets are protected
• You will no longer be hassled by calls from creditors or attorneys demanding payment
• We protect your credit record from being tarnished, or from being further damaged

Disadvantages:

• You cannot apply for credit while under debt review
• You will not have access to any credit facilities while under debt review
• You will be listed with the credit bureax as being under ‘debt review’
• Only once your debt has been fully repaid, will you be issued with a clearance report/certificate which will be updated on your credit record
• It can be a lengthy process, depending on how much debt you have (up to a maximum of 60 months)