DEBT COUNSELLING2024-10-28T09:04:33+02:00

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    NCR Registered Debt Counsellors

    What is debt counselling and who can apply in South Africa?

    Debt counselling is a debt relief option accessible to over-indebted consumers in South Africa as stipulated in the National Credit Act. Its purpose is to aid individuals burdened with excessive debt by offering budgetary guidance, facilitating negotiations with creditors for lower payments, and reorganising their financial obligations. Debt counselling services are offered by debt counsellors registered with the National Credit Regulator (NCR).

    Consumers facing challenges meeting their monthly debt commitments can seek debt counselling services. To qualify for such assistance, these individuals must possess a distributable income, which registered debt counsellors will utilise to negotiate reduced payments with their credit providers. It’s important to note that for couples married in community of property, a joint application for debt counselling is required, underscoring the collaborative approach in addressing their financial concerns.

    Are you struggling with debt?

    Debt counselling is an option for individuals struggling with their current debt payments but still have a regular source of income and wish to avoid the legal consequences of unpaid debt.

    As a consumer, you are over-indebted if you cannot service your debts on time as agreed with credit providers:

    • You borrow money to pay other debts;

    • You use your credit card and overdraft facilities to pay debts, buy food and other necessities;

    • You skip payments on some accounts to pay others;

    • You receive letters of demand and summonses from credit providers and/or lawyers;

    • You have judgments against your name.

    Highly experienced

    How can our registered debt counsellors HELP you?

    • Our free and non-binding consultations provide clarity and options for facing financial challenges.

    • Gain access to a professional negotiator who will work on your behalf with your list of creditors by reducing your financial burden by extending repayment periods.

    • Reduce your payments by up to 50%. It’s important to note that any amount less than this could face opposition from your creditors, who may pursue legal action in the Magistrate’s Court. The objective is to ensure your debt is manageable within a reasonable timeframe.

    • While this process may not immediately put extra money in your pocket, it can help bridge the gap between your financial obligations and personal expenses, ultimately alleviating the stress that often accompanies financial strain.

    • Avoid legal action from creditors.

    • Deal with professionals who have already helped a large number of clients.

    Debt Counselling

    It’s crucial not to wait until it’s too late, as creditors can take further actions as early as the first month a payment is missed. Upon receiving an S129 notice, which signals an overdue account, it’s essential to consult a debt counsellor promptly, as that specific account may already be excluded from negotiation, potentially jeopardising the entire debt counselling process.

    There is no limit to how much debt you can include in a debt counselling program. We negotiate with home loans, vehicle financing, overdraft facilities, credit cards, personal loans, and furniture and clothing accounts.

    Our Debt Counselling Process

    APPLY

    Begin by requesting a complimentary quote for your tailor-made financial recovery strategy – Our consultations are free and non-binding.

    RE-ORGANIZE

    Obtain an updated, lowered, consolidated repayment schedule addressing your outstanding payments.

    RE-NEW

    Initiate your updated repayment plan and reach a turning point for improved cash flow and legal protection.

    Our entire debt counselling process can be completed through telephone and email, regardless of your location in South Africa.

    Enter Debt Counselling for comprehensive Debt Solutions that Works! Fill in the EASY step-by-step application Form, and We will do the Rest.

    Debt Counselling
    I have heard some negative rumours about Debt Counselling. Does Debt Counselling really work?2024-02-06T10:59:26+02:00

    A: “Debt Counselling has significantly developed since its introduction in June 2007 under the National Credit Act. Like most new legislation, initial uncertainties and legal challenges needed to be addressed for the Act to function effectively. The industry has now matured to the point where Debt Counselling operates as intended by the legislature.

    Since the inception of Debt Counselling in 2007, we have successfully assisted thousands of individuals. It’s reassuring to observe that more and more people recognise that the system is effective. In response to your question, yes, Debt Counselling does work.”

    Is it wise to opt for the cheapest debt counselling quote?2024-02-06T10:58:52+02:00

    “Avoid shopping around among debt counsellors for the lowest quote. If the quoted instalment does not effectively address your total debt, you may find yourself paying the same amount as mentioned by our offices or, in some cases, even worse off. Finding the best solution to pay off your debt is not the same as shopping for bargains and discounts.”

    How does debt counselling lower my payments?2024-02-06T10:58:18+02:00

    A: “Under the provisions of the National Credit Act, we, as Debt Counsellors, can reduce your monthly payments by extending your repayment periods and, in certain instances, negotiating lower interest rates on your existing debts.”

    Get in touch today

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    Debt Counselling

      If you or someone you know is overwhelmed by debt and financial challenges, we invite you to contact Debt Merge for a free and non-obligated consultation. Your path to financial relief may be closer than you think.

      With Our Proven Track Record And Debt Counselling Process, You, Too, Can Experience Financial Freedom.

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