- 2 Ncondo Place, Umhlanga
- 064-537-9686
- [email protected]
Debt Review And Debt Review Removal Services
We provide the following debt review services, fix your credit, help with debt rescue, provide legal and debt solutions and debt review removal. We are the No.1 Debt Busters and Debt Rescue company in South Africa.
Tax
75%
Debit Amount
87%
Loan
65%
Cancel Debt Review or Debt Counselling: What's Right For You?
Cancel Debt Review or Debt Counselling – whatever name you prefer, both of these debt review services can help you get out of debt faster than you could on your own. But how do you know which one’s best for you? Read this Cancel Debt Review vs Debt Counselling review to find out how each option compares and what to consider before making your decision!
What is the cancellation of debt review process?
When your debt is too high, which may happen when you are unable to maintain the minimum monthly payments on your credit card balance, you might want to consider having a cancellation of debt review. Essentially, this is an option to get rid of your existing debts. To initiate a cancellation of debt review, you’ll need to fill out and send in an application form together with documentation that verifies you need the relief because you’re simply too broke for it.
Contact us for debt review services
Is it possible to cancel all your debts through a cancellation of debt review process?
You may be able to cancel all your debts with a Cancellation of Debt Review. This is the process by which any company, including banks and credit card companies, will forgive all the money that you owe to them. It sounds like a great idea and can help alleviate some of the stress associated with debt, but there are other things you should know before going ahead with this option.
Timeline for a cancellation of debt review
The timeline for a cancellation of debt review depends on the product you are using. Many debt counselors offer you the choice of setting up an automatic withdrawal from your bank account on a monthly basis so that you don’t have to worry about remembering to pay.
Steps in cancelling your debts
We do our best to keep people from going into debt, but sometimes life throws you a curveball. Thankfully, there are services that can help you dig your way out of debt. If you’re contemplating whether to cancel your debts with a personal bankruptcy or a debt review, here are the pros and cons for each option.
Where should you start?
Whether you choose Cancel Debt Review or debt counselling will depend on your current financial situation and what the goal of either service is. If you need to control spending and stop relying on credit as a coping mechanism, then Cancel Debt Review may be better for you. On the other hand, if your goal is to consolidate your debts so that all interest charges are added together, then debt counselling may work better.
Want to know more or ready to get started with our debt review services? Then contact us and we will call you back. Click here
FAQ'S
Frequently Asked Questions
While debt review can be a lifeline for an over-indebted consumer, it should not be entered into lightly. Over-indebted consumers need to be aware that, once they enter debt review, they cannot apply for new credit and it cannot be exited until all the debts are settled.
How long the debt review process lasts depends on a number of things, such as the amount of debt that you have and how much you can afford to repay, amongst others. Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate.
After your initial assessment with a debt counselling company, you may be informed that your current situation does not qualify you to go under debt review. Some of your accounts, especially those which have been subjected to legal action, may be excluded. Your debt may take longer to repay.
Debt review is a legal process, and your payment plan has been accepted by all your creditors. A court order has also been granted. If you default on your plan, you are breaking your agreement and your creditors are within their rights to initiate legal proceedings.
Q: I want to remove my name under debt review but have not finished paying my debt. Is it possible? Yes, this can be done if your debt review was made an order of court and the court order is subsequently rescinded OR an application is made to court to have you declared “not over-indebted.”
The process shall be completed within 15 minutes in which you will be advised of the appropriate action to terminate your debt review and clear the flag from your credit records. The once-off Assessment fee of R85 is payable upon submitting the service request form and the assessment process will commence immediately.01 Jun 2020
How long the debt review process lasts depends on a number of things, such as the amount of debt that you have and how much you can afford to repay, amongst others. Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate.
About Us
We are a debt counselling / debt review company based in Durban, South Africa. We help South Africans get out of debt fast. Contact us for a free debt assessment.
