Can you pay extra money towards debt counselling to speed up the process?
Debt Counselling, also called Debt Review, is a formal process that begins when a consumer is unable to meet their debt obligations. A registered debt counsellor assesses your financial situation and helps you create a repayment plan that suits your budget. This plan is then...
How do I get a Debt Review Clearance Certificate?
You have fully repaid your debts and settled your debt counselling fees. Now it it’s time to exit debt review and get your clearance certificate, but your debt counsellor has closed in the meantime. The importance of getting a debt review clearance certificate It signifies the end...
Disadvantages of Debt Review: Missing a Payment
Debt Review has many benefits, including reduced monthly payments and interest rates combined into one single monthly amount you can afford. This brings huge financial relief and you will also be protected from legal action and calls from credit providers. The one important fact you should...
Five important tips for choosing the right Debt Counsellor
Debt Counselling is a debt relief option available to all South Africans under the National Credit Act. If you are struggling to pay your creditors — such as clothing accounts, credit cards, home loans, or car loans — debt counselling can be extremely beneficial. How does Debt...
Can I Cancel Debt Review?
In South Africa, Debt Review has become a lifeline for many individuals who find themselves overwhelmed by financial obligations. It’s a process designed to help you manage your debts and improve your financial situation. However, as circumstances change, you might find yourself asking, "Can I...