Alot of South African's are over burdened with debt, debt review is a way for you to arrange a repayment plan with your lenders that allows you to pay a lower monthly fee in a structured way with a single payment.
A debt review company like DebtSolutions4You protects your assets, provides you with a consilidated debt repayment plan, and even in some cases offer decreased interest rates. When we place a customer under debt review, they are protected in terms of the National Credit Act. Lenders are not able to take legal action as long as you keep with your debt review schedule.
Complete an online debt review assessment, this will allow us to understand your financial needs. It will outline your financial position with your monthly incomes, expenses and current credit.
Once we receive your debt review assessment, a registered DS4U debt counsellor processes your income, expenses and loan payments to check if you are eligible for debt review.
Your registered debt counsellor will work through your detailed debt review plan with you, if you are satisfied with our proposal, you can proceed to accept the proposal.
After finalising a payment plan with lowered interest rates, that you pay monthy to a national payment distribution agency which distrubutes your payment to your creditors.
Debt review offers you protection by law under the National Credit Act meaning your vehicles, home and assets are protected. Our specialist attorney files your restructure in a court.
You continue paying your monthly restructured payment, once you have paid off debt that is under review, we provide you with a clearance certificate, your credit is now restored and rehabilitated.
Our management reviews each application before we send it to you to ensure you get the best interest rates and optimised payment plans.
We assist responsibly, treat our customers fairly and ensure that we maximise their debt rehabilitation efforts while they are under debt review with us.
Once you have submitted your online assessment, we check if you are eligible for debt review and provide you with a proposal within 24 hours.