Do you have too much debt?
First, you’ll need to gather some documentation:
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We suggest that you open a savings account at a bank where you have no credit agreements and inform your employer to start depositing your salary into your new account. We will determine if you are over indebted and inform your creditors and the Credit Bureaus of your application.
Your creditors may not start any new legal action against you after you have signed the application form, provided that your application is accepted. We will take over all negotiations with your creditors in order to ensure reduced installments on all your credit agreements. You will start paying one provisionally reduced monthly installment in respect of all your accounts included in the debt review, as from the first month end after you signed the application form.
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We will draft a personal payment plan for you and send it as a proposal to your creditors. We will then obtain a court date from your local Magistrate to make the payment plan an order of the court. This will offer your full protection against your creditors as long as you make full and regular payments to the PDA as agreed.
The granting of the court order completes the application process and your creditors can’t take any legal action against you for as long as your keep making payments in accordance with your payment plan without any deviation. We will keep monitoring your situation and will still answer any questions that you may have. We will also still be supporting you during this journey until all your debt is settled.
Once all your debt has been settled, we will issue you with a Clearance Certificate and inform all the Credit Bureaus. They will then remove the Debt Review Flag from their records. After this you will be able to apply for credit again.
THAT’S IT!
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If you are ready to start your journey to a debt-free life, click on the button below. We’ll be right beside you all the way to provide advice on how to get out of debt as quickly as possible.
We have been around for years.
We understand how the process works and how to apply the law to your unique circumstances. We have helped hundreds of clients to get out of debt and experience financial freedom again.
We are registered at the National Credit Regulator, so you know that you are dealing with an accredited, professional organisation.
We are a proud Member of the Debt Counsellors Association of South Africa
“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?”
Adam Smith
