What is debt review in South Africa

What is debt review in South Africa

Debt Review and Debt counselling  is a process in terms of the National Credit Act for over indebted consumers (Over indebted means if you cannot repay all your monthly debt with your current financial situation)


The purpose of debt counselling is to protect the over indebted consumer against Credit providers. The first step in the process is to get the help from a registered debt counselor like

Wat is Skuldberading – Durban ?

Wat is Skuldberading – Durban  ?

Skuldberading in Durban   is n proses wat deur die NCR beheer word kragtens die Nasional Kredietwet



Skuldberading is n proses waardeur ‘n klient gaan indien hy nie meer sy maandelikse verpligtinge teenoor krediteure kan nakom nie. Met ander woorde as jy te min geld het om jou maandelikse skuld te betaal kan skuldberading vir jou n oplossing wees vir jou skuld.


Die skuldberader in Durban   sal met elke krediteur ‘n nuwe terugbetalings ooreenkoms onderhandel wat die klient kan bekostig om te betaal elke maand. Terugbetalings word verlaag sonder dat jou uitstaande balans meer word. Om dit maklik te verduidelik: Jou tydperk wat jy oorspronklik gehad het om jou skuld terug te betaal word verleng en sodoende word jou paaiement verlaag


As jy aanbly onder skuldberading tot al jou skuld betaal is sal jy geen skuld he nie en dus n nuwe beter lewe kan begin sonder om die foute te maak wat jou in die skuld lokval vasgevang het nie.


Jy kan enige tyd onttrek uit die proses van skuldberading en hoef nie te bly tot alles klaar betaal is nie


Verligting van skuld is onmiddelik en jy sal dadelik die beskerming van die wet geniet onder skuldberading


Kontak ons gerus vir gratis skuldberadings aansoekke In Durban

Professional Debt Counselling by NCR registered Debt counsellors – Durban

Professional Debt Counselling by NCR registered Debt counsellors – Durban

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We Can Help You Get Debt Free!‎ and prevent legal action and repossession


Lower Monthly Payments‎  by up to 60%


Don’t wait untill it is too late


Free Debt counselling applications (T’s&C’s apply)




Dont wait

If you are in arrears with your accounts, dont wait for legal action to start. Get protection TODAY


Debt counseling process

The debt counselling process is very easy to understand. You basically get the opportunity to pay a reduced monthly repayment towards your debt


Important questions

Is this a loan?

Absolutely not. Debt counselling is not a loan

Can I exit debt counselling?

Yes you can. At any time you can withdraw from the process

Is debt counselling binding to my creditors?

Debt counselling is the only process where your orginal agreement can be altered and be enforced


When to use debt review

If you are struggling every month to repay your debt at the cost of the quality of your life then you must concider debt review

While debt review reduces your monthly repayments it allows you to provide better for your family because it leaves you with more disposable income



Free debt counseling assessments

We provide free debt counselling assessments and we do not charge joining fees


Contact us today for debt counselling and debt review in Durban



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Debt counselling Durban

Debt review and debt counselling  Durban

Help with Debt performs a thorough debt review process on all their clients, ensuring that all needs are identified, and an accurate solution created.

Help with Debt offers the following to their clients who are searching to undergo debt review:

No upfront fees

No additional loans

One very affordable monthly payment to creditors

No interviews unless you want to have a free consultation

Contact Help with Debt today, and let them assist you through their debt review services.

Contact Details:

Contact Number: 073 053 7756

Fax Number: 086 519 4004

Email: info@helpwithdebt.co.za




Is Debt review good or bad?

Is Debt review good or bad?

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We often get the question from consumers whether debt counseling is good or bad.

We wrote this to clarify that it is not a simple yes/no answer but a complex set of answers for both yes and no

Debt counseling is good if……

If you yourself decided and realized that you are over indebted and that you cannot afford your monthly debt repayments anymore

If you pay your debt on time but you do not have enough money left to sustain your current lifestyle.

maintaining your current lifestyle means that you pay your debt and don’t have enough for your living expense like groceries

Debt counseling is good if you want to get a structured plan to get out of debt AND you stick to it

Debt counseling is bad if……

If you manipulate the system to buy time and to try and get extra money every month to spend on unnecessary stuff

If you do not stick to your new budget and keep up with your proposed debt review payment plan

If you ignore the debt counselor and creditors to comply with the provisions of the Act with regards to Debt counseling


In short, debt counseling is a very effective tool to assist you if YOU made a educated decision to repay your debt


Contact us today with the form below to have a free debt counseling assessment done

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Important information regarding your application process.

Important information regarding your application process.

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Although the National Credit Act allows protection when your application is received there are three important facts you have to remember.



  1. Debit Orders


The Act states very clearly that all your credit providers MUST stop all debit orders that they

have on your account. The fact is that they don’t bother, leaving you with a “double payment “when you have paid your PDA account as well. This “grabbing” of funds by the credit providers is in direct violation with the Act as the said credit provider gives himself an advantage above others. The Act states that all creditors will enjoy equal benefits and rights. Although the money drawn from your account can be reversed we advise that you open another account (with a bank where you don’t have credit) to avoid this hassle.


  1. Final notices (Section 129)


According to the Act a credit provider can only refuse to accept your application if a Section 129notice (final notice) have been delivered and the time mentioned in that noticed has lapsed. As we do in our application form, we urge all applicants to be very honest in providing info on these notices. Should there be a 129 notice that has lapsed that account will not be included in your application and subsequently the asset attached to that account will be repossessed.


Please take note of this as we cannot be held liable for advising and informing you on your favorable application when this fact is being withheld from us.


  1. Calls from creditors


Once you have applied for debt review and your details have been submitted to the NCR all creditors will receive notice that your application was made. As a result you will most likely start receiving calls from your credit providers stating you have to pay immediately to avoid legal action. THIS IS HARRASMENT AND EMPTY THREATS AND MUST BE IGNORED!.


The reason for the sudden calls is from the COLECTIONS DEPARTMENT and NOT form the Debt review department. Part of the salary structure of collection agents is based on commission the earn as a result of money that they collect from you! NEVER will the debt review department phone you and all other calls from creditors should be referred to us


These calls from creditors immediately puts us as your debt counselor in a bad light and creates distrust between you and us.


Should you have any further questions or comments please email us at




What is debt counselling – video

When a consumer (client) realizes that he/she is over indebted and that some arrangements have to be made to make sure all monthly repayments are met.

The consumer contacts a registered Debt Counselor who supplies a regulated form 16 and assists with the completion thereof. As soon as this form is completed the consumer will have formally applied for debt review in terms of the Act.

All requested documentation as on the application form is supplied by the consumer within 5 days of signing the form 16.

With the information and supporting documents supplied by the consumer the debt counselor now informs all the known creditors of the consumer that the said consumer has applied for debt review. This is done with the regulated form 17.1 as well as 17.2

A formal analysis is done by the Debt counselor to determine if the consumer is indeed over indebted. This is a very simple calculation once all information has been taken into account. A consumer can only apply for debt counseling if his/her monthly disbursable amount (Nett income minus living expenses) is LESS than the amount required to service all obligations. AS EXAMPLE ONLY. If the consumer only has R5000 to pay his/her debt after the living expenses have been accounted for, and the total monthly debt repayments are R6000 the application would be a success.

If the consumer is indeed over indebted according to the above method all creditors would be informed of this for their record.

The restructuring process can now begin. The Debt counselor will now restructure and renegotiate all credit agreements and present these proposed terms to all creditors. This new proposal will then restructure the consumer’s monthly commitments to be more affordable and ensure that all credit agreements get something every month.

The new proposal will now be sent out to all the creditors after it has been approved by the consumer. Should all creditors agree to a consent order that new arrangement will be made an order of court. If there are some creditors who don’t agree to the restructuring a court date will be allocated for the matter to be heard. At this hearing the magistrate will have no choice to grant the order if the debt counselor acted in terms of the Act and subsequently restructured the debt accordingly.

All disbursements of contributions will be handled by a registered Payment Distribution Agency (PDA). The PDA is regulated and governed by the Act. As soon as a restructuring proposal is agreed on by the consumer payments of the distribution amount will be paid over from the consumer directly to the PDA. The PDA in turn will disburse with the funds as per the restructuring proposals.

The Fee structure:

Debt counselors are entitled to a maximum of R6000 plus VAT for single applications

The Act allows for the following payment of Debt counselor fees as well as Legal fees.

The first payment made by the PDA will pay the debt counselors fee

The second payment will pay the legal fees

The third payment will be the first payment that creditors receive. This is done so that consumers don’t have to pay any money that they might not have up front, and to make the process affordable.

When the payments are being made to the creditors by the PDA there will be some agreements that will be paid up before others. As soon as this happens the Debt counselor must restructure the payments again to make sure any creditor is not paid more than he must receive and to disburse the surplus equally between the other to ensure that the process runs smoothly. For this the Debt counselor is entitled to a 5% after care fee not exceeding R400.