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CONSOLIDATION

WHAT IS DEBT REVIEW

ABOUT DEBT COUNSELING

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Debt Wise Solutions.

There are millions of people, drowning in their financial situation. With financially wellbeing, now being such an imperative part of our everyday lives, it is important that we maintain a healthy financial record, this may mean having to restructure your liabilities.

We understand that situations change, and as a company we are there to guide you every step of the way in your financial journey.

We deal with your creditors and come to an agreement that allows you to cover your living expenses and apportion the remainder of your available funds to your creditors. Debt Counsellors will conduct an independent inquiry into your financial circumstances and make recommendations to Credit Providers and the courts concerning restructuring your debt or even suspending "reckless" credit agreements. You may not actually be "Over-Indebted" and qualify for "Debt Review"; in this case the Debt Counsellor will assist you to work out a better monthly budget which will enable you to repay your debts effectively.

WHAT IS OVER-INDEBTEDNESS?

Over-indebtedness occurs when a consumer is unable to repay all financial obligations in a timely manner and/or where total debt repayments exceed net income (“take-home pay”) after living expenses have been paid for.


Debt counselling is one of the debt relief measures available in South Africa, introduced by the National Credit Act (NCA) in 2007. Debt counselling is intended to assist over-indebted consumers struggling with debt through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.


READ MORE ON OVER-INDEBTEDNESS..

DEBT COUNSELING

This is the process that allows you to regain control of your financial situation.

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