If you are drowning in debt, you are not alone. Many South Africans are battling to meet their financial commitments. If your monthly debt repayments have risen to the point where you are now facing the possibility of being blacklisted, your best option is to contact a debt counselor for a debt review in South Africa.
Debt review was introduced to South Africa in 2007. The benefit of debt review is that it prevents credit providers from taking legal action against you while you pay off your debt in smaller installments. It is important to know that you can only take advantage of this process if you have a regular income, in order to determine a reasonable repayment plan. However, if a debt counselor decides that you are capable of managing your own debt, you will be liable to pay a rejection fee. Therefore, it is imperative that you are really battling to meet your financial responsibilities.
If you require debt review in South Africa, contact one of our registered debt counselors.
Areas we cater to include: