Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in The Northern Cape with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in The Northern Cape .
Are you facing vehicle or property repossession in The North West ?
Creditors calling every day?
Prevent repossession and stop all legal action today!!
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in The North West with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in The North West .
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in The East Rand with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in The East Rand .
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.
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.
Are you facing vehicle or property repossession in Limpopo ?
Creditors calling every day?
Prevent repossession and stop all legal action today!!
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in Limpopo with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in Limpopo .
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in Mpumalanga with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in Mpumalanga .
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in The West Rand with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in The West Rand .
Debt counselling will lower your total monthly debt repayments by up to 60% without increasing your settlement amount. Meaning you will pay the same amount you owe today, but easier on your pocket. This will give you more money in your pocket at the end of every month. STARTING FROM TODAY!
Help with debt, debt counsellors will assist you and your family in The Western Cape with immediate effect to prevent all property and vehicle repossession as well as to stop and prevent all legal action that might lead to the sheriff attaching your loose assets and selling them on auction.
We are registered with the National Credit Regulator and pride ourselves with providing fast and friendly service with great after-care to debt review clients in The Western Cape .
Debt counselling and Insolvency 