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Need Help with too much Debt?
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We are ready to assist you today.
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Need Help with too much Debt?
Debt Counsellors are dedicated to helping you.
Debt counsellors are ready to assist you today.
Please Note this website does not offer loans.
Debt Counsellors Do Not Offer Loans or any sort of finance.
We are here Only to help you get out of debt.
The National Credit Act
The purpose of the NCA is to regulate credit and aims, amongst others, to:
Protect consumers from becoming over-indebted;
Prevent dubious lending practices;
Make sure that credit is extended by lenders in a transparent and responsible manner;
Ensure that the rights of consumers are safeguarded.
More About The NCA
How Does This Help You?
Debt Counselling is a Government regulated service and is the solution for over-indebted consumers. Should you be unable to meet your monthly financial commitments under credit agreements on a monthly basis, you may formally apply to a Debt Counsellor for debt review. This process is fully backed by the National Credit Regulator and is in line with the National Credit Act. The debt review process is binding on your creditors and they cannot institute legal action against you during this period.
Purpose of a Debt Counsellor: To Assist consumers who are experiencing difficulties meeting their financial commitments at the end of a month.
What does the debt counselling service entail:
Review debt
Assess whether client is over-indebted or not
If over-indebted
calculate new repayment terms
advise client of proposed repayment terms
act as a mediator between client and credit provider
negotiate reduced interest, fees and extended payment terms
facilitate debt repayment terms with credit providers
make recommendations to credit providers and or Magistrate courts on behalf of
clients that are over-indebted
advise clients on how to work out a budget
basic information to highly indebted clients to resolve their everyday credit problems
not to get caught in a debt trap again
If NOT over-indebted
advise client on how to budget and avoid becoming over-indebted
How does an over-indebted client benefit from our service:
affordable payments
one payment a month to the Payment Distribution Agency (PDA)
no legal action by credit providers
no further debt until debts have been paid up
learn how to budget
no more sleepless nights
The client is responsible for:
paying the Debt Counsellor the agreed fee
paying the re-negotiated payments to PDA
not defaulting on payments
not making any further debt
If a client defaults on payments:
you will be removed from the debt review process
your credit providers and credit bureaus will be notified
your credit providers may take legal action against
Once a client's debt is paid up:
A Clearance certificate will be issued by the Debt Counsellor
Clearance certificate will be sent to credit providers and credit bureaus
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