UNDERSTANDING DEBT REVIEW
What is debt review, the process and how it assists you to better your financial situation.
Benefits of debt review
Our industry leading debt review service has many benefits that will allow you to reach your financial goals.
The benefits of debt review stretch further than the relief of stress and financial anxiety. It assists over-indebted consumers to take control of their finances and become debt free in the most protected way and the shortest period of time.
Each repayment plan is tailored to suit your monthly affordability and your debt counsellor is there every step of the way. We have listed some of the benefits below.
Tailored Repayment Plan
A new repayment plan is calculated to ensure you have enough money to provide for yourself and your family while still paying off your debt.
Your new repayment plan consolidates all your monthly instalments into one. This saves you interest on your accounts and reduces your monthly instalments.
Personal Debt Counsellor
You will have a dedicated debt counsellor to give you tailored solutions, professional advice and be able to assist you with any queries you have throughout the process.
Legal & Asset Protection
No financial information is shared with any third party, ensuring complete confidentiality. Our counsellors are highly skilled professionals and strictly adhere to this code of conduct.
Clear Credit Record
You receive a clearance certificate once you have successfully completed the debt review process and find yourself financially free. A copy of the certificate is sent to the bureaux where all the information of your accounts are removed.
Frequently Asked Questions
This is the questions we got regulary.
WHY USE DEBT COUNSELLING?
Debt Counselling is a highly effective, closely managed solution for people with more serious debt problems. If you are struggling to make your monthly debt repayments and seeking out a living, debt counselling will assist in avoiding being blacklisted and reduce your monthly instalments to help you take control of your finances again.
WHAT IS DEBT COUNSELLING?
Debt Counselling is not personal administration or bankruptcy. It is a formal debt rehabilitation programme specifically introduced by the National Credit Act to prevent individuals from being placed into personal administration and having to deal with the long term effects. The process allows you to enter into a debt repayment plan so that you can afford to live and emerge debt free after a period of time.
HOW DO I APPLY FOR COUNSELLING?
For you to be eligible for Debt Review a registered Debt Counsellor will need to review your finances to determine whether you are over-indebted. The legal determination of the term over-indebted as per the National Credit Act is “if taking all financial circumstances into consideration a client is deemed to be unable to repay their debts”.
You can apply by contacting us directly or filling out our confidential contact form for us to call you at a convenient time.
WILL I BE BLACKLISTED IF I GO UNDER DEBT REVIEW?
Unless you were blacklisted before going under debt review, you will not. Creditors will be notified of your review process and will not be able to blacklist you while all your payments are up to date.
CAN I APPLY IF I AM UNEMPLOYED?
With debt counselling, you only need to have a monthly income of some sort (ie: rental income). This does not necessarily mean that this income needs to come from employment.
YOUR #1 CHOICE FOR DEBT REVIEW
Debt Solutions 4U assists you in becoming debt free by getting a qualified debt counsellor in contact with you. All counsellors are NCR accredited.
LEARN HOW MUCH YOU CAN SAVE
Use our online calculator to determine how much debt review can save you per month.