01.
Request a Free Consultation
Call us on +27 65 968 2797/ +27 65 851 0822 or CLICK HERE and
one of our friendly consultants will contact you alternatively send us a
message on our website and a consultant will contact you and provide you
with a confidential and free financial assessment to see what type of assistant
and relief we can provide you with.
02.
Complete your Application Form
If your financial distress so requires, the consultant will send you an application form (Form 16) to complete, sign and return to us or you can provide the consultant with relevant information so that we can fill in the form for you after which it will be sent to you to sign and return to us. with the information provided by you and it is established that you spend more than you earn, this will probably mean you are over-indebted and qualify for debt review.
03.
Notify your Creditors
Once we receive your returned application form we immediately notify your creditors that you have applied for debt review and that you are protected in terms of the National Credit Act, from any other legal action for 60 working days.
04.
Negotiate a New Payment Plan
We then request confirmation of your loan agreements from all your credit providers and negotiate and restructure your repayments to be in a repayment plan of amounts you can afford.
05.
Pay a Single Affordable Monthly Instalment
You pay one easy monthly instalment through an accredited PDA (Payment Distribution Authority) who distributes the funds to your credit providers in accordance with your restructured payment plan.
06.
Make the Approved Plan an Order of the Court
Our panel of Attorneys apply to the Magistrates Court on your behalf to make the restructured repayment plan an order of the court, binding your creditor providers to the agreement.
07.
Your Debt is Paid Off
Once your debt is repaid we apply for a clearance certificate and notify the credit bureaus to clear your credit record.
