How does a debt review help you?

A debt review helps clients restructure or reduce their debt payments to their creditors. You will still pay off your debt but at lower installments.

Can your car or home get repossessed?

When you’re under debt review you’re given a certain amount of protection. Creditors are not allowed to repossess assets as long as they form part of your review. If you're following the advice of the debt counsellor and keeping up with payments creditors have no valid reasons to repossess your assets.

What happens after the debts are paid off?

Once all your debt is paid off the debt counsellor notifies the National Credit Regulator (NCR). The email specifies the details of your case and the NCR must remove your name from its registry & the credit bureau lists.

Will your debt review affect your spouse’s credit?

Quite a few factors determine how partners’ finances affect each other: -If the marriage happens after the initial debt review your spouse’s credit shouldn’t be affected. -If you’re married in community of property you legally share all assets and debt. If you're under a debt review your spouse will be too.

Will the debt review affect your home’s bond?

A debt review doesn’t affect your bond. Your bond is included in the list of creditors you need to pay.

How long does it take for the debt to be cleared?

Your debt review period depends on a number of factors: -Your income -The number of creditors you have -The total outstanding debt -The interest rates on the accounts -The percentage of rates increases When you consult with debt counsellors you’ll get a full breakdown of the process. You’ll be told what will be paid to whom and the estimated time before the process is completed.

Will you be accepted for new credit if you’re on the NCR registry?

No new credit will be approved if you're listed on the NCR registry. You’re struggling to repay current debt. No new creditor will accept the risk of not receiving payments.

Will creditors still pursue you for payments?

When under debt review your debt counsellor takes over much of the administration. But you’re bound to still receive communication from your creditors. Even though they’re informed of your review it may take time to update their systems with your repayment plan. If they keep contacting you simply inform them you’re working with a debt counsellor and when payment is scheduled.

What happens if you can't pay the debt due to an emergency or death?

When emergencies arise the debt counsellor must inform the creditors of possible problems with payments. New arrangements need to be made. All parties—the client, debt counsellor and creditor—must agree to the new terms.

1. You never pay to use Snupit. It’s free and you get to compare multiple quotes from the best debt counsellors in East London. 2. Professionals listed on the Snupit platform are experienced, friendly and background-checked. Our numbers say it all! Of the 17 reviews for debt counsellors, our customers have had a positive and a rewarding experience with 16 debt counselling projects. 3. Choose from 1086 trusted and high quality professionals in East London who can assist you with just about anything you need done. 4. Don’t overpay for any service, hire a local expert from our talent pool of 15 debt counsellors in East London who are skilled and vetted.

Top 10 Debt Counsellors in East London

Debt Pro Debt Counsellors

Berea, East London

South Africa's leading Debt Counselling company. We have been helping consumers become Debt Free for more than 10 years. Debt Pro SA provides a personal service to all consumers who find themselves in financial difficulty. We can do an onlin ...show more

5 reviews

by Jan, 072****453

Great service, and professional staff.

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Debt Counseling Group South Africa

Baysville, East London

Debt Problems? Call us today for affordable assistance! Consolidate your debt now. . Debt Problems? You have legal rights and we can Help! Over-indebtedness largely results from a change in financial circumstances, caused by reduced income or ...show more

4 reviews

by Tasniem, 083****832

Amazing and absolutely friendly staff,the best service I have ever received,Happy and debt free!

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Debt Help

East London

NCR REGISTERED DEBT COUNSELLORS. We opened in Queenstown on the 1st June 2009 and have since also been blessed with Branches in Mthatha, East London, King Williams Town and Butterworth. The Head Office in Queenstown also deals with Consumers ...show more

0.0

0 reviews

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Oyisa United Debt Specialists

Berea, East London

Oyisa United Debt Specialists, your sword and shield; we stand for you when you can’t anymore. DEBT SOLUTION SERVICES Oyisa United Debt Specialists offers a comprehensive range of debt liberation services, in order to ensure that clients ...show more

0.0

0 reviews

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Compass Debt Solutions Cc

Beacon Bay, East London

Assisting destressed consumers with their debt. Pay one affordable amount for all your accounts. No more stress. Been assisting the public for 17 years across the Eastern Cape, by legally restructuring their debt instalments into one afforda ...show more

0.0

0 reviews

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Gerhard Stoltz Debt Counsellors

Berea, East London

You cannot borrow your way out of Debt!. GS Debt Counsellors has a vision and that is to extend a helping hand to over – indebted South Africans by assisting them to meet their monthly commitments and retain their most valuable assets via the ...show more

0.0

0 reviews

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DCGSA - Debt Counselling Group South Africa

Vincent, East London

1 review

by Mxolisi, 082****942

I am so relieved after going to these people. Every time i have been helped with a smile. Made my life stress free. Dont know what i would have done without them. Ndiyabulela kakhulu

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Holistix Debt Counselling

Beacon Bay, East London

0.0

0 reviews

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Debt Smart

Nahoon, East London

0.0

0 reviews

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Siphathekuhle Debt Management

East London

0.0

0 reviews

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Frequently Asked Questions

Do you feel stressed about mounting debt? Guess what? You don’t have to handle it on your own. South Africa has many certified debt counsellors. They know exactly what you need to manage your debt. And with Snupit’s review feature you can find one that offers excellent customer service. With them you’ll feel comfortable talking about your personal finances.

How does a debt review help you?
A debt review helps clients restructure or reduce their debt payments to their creditors. You will still pay off your debt but at lower installments.
Can your car or home get repossessed?
When you’re under debt review you’re given a certain amount of protection. Creditors are not allowed to repossess assets as long as they form part of your review. If you're following the advice of the debt counsellor and keeping up with payments creditors have no valid reasons to repossess your assets.
What happens after the debts are paid off?
Once all your debt is paid off the debt counsellor notifies the National Credit Regulator (NCR). The email specifies the details of your case and the NCR must remove your name from its registry & the credit bureau lists.
Will your debt review affect your spouse’s credit?
Quite a few factors determine how partners’ finances affect each other:

- If the marriage happens after the initial debt review your spouse’s credit shouldn’t be affected.

- If you’re married in community of property you legally share all assets and debt. If you're under a debt review your spouse will be too.
Will the debt review affect your home’s bond?
A debt review doesn’t affect your bond. Your bond is included in the list of creditors you need to pay.
How long does it take for the debt to be cleared?
Your debt review period depends on a number of factors:

- Your income
- The number of creditors you have
- The total outstanding debt
- The interest rates on the accounts
- The percentage of rates increases

When you consult with debt counsellors you’ll get a full breakdown of the process. You’ll be told what will be paid to whom and the estimated time before the process is completed.
Will you be accepted for new credit if you’re on the NCR registry?
No new credit will be approved if you're listed on the NCR registry. You’re struggling to repay current debt. No new creditor will accept the risk of not receiving payments.
Will creditors still pursue you for payments?
When under debt review your debt counsellor takes over much of the administration. But you’re bound to still receive communication from your creditors.

Even though they’re informed of your review it may take time to update their systems with your repayment plan. If they keep contacting you simply inform them you’re working with a debt counsellor and when payment is scheduled.
What happens if you can't pay the debt due to an emergency or death?
When emergencies arise the debt counsellor must inform the creditors of possible problems with payments. New arrangements need to be made. All parties—the client, debt counsellor and creditor—must agree to the new terms.
Why Snupit?
1. You never pay to use Snupit. It’s free and you get to compare multiple quotes from the best debt counsellors in East London.

2. Professionals listed on the Snupit platform are experienced, friendly and background-checked. Our numbers say it all! Of the 17 reviews for debt counsellors, our customers have had a positive and a rewarding experience with 16 debt counselling projects.

3. Choose from 1086 trusted and high quality professionals in East London who can assist you with just about anything you need done.

4. Don’t overpay for any service, hire a local expert from our talent pool of 15 debt counsellors in East London who are skilled and vetted.

Need Debt Counsellors in East London?

17 Reviews for debt counsellors
16 Positive Reviews
Recently hired Pros have been rated * 4.7/5 from 17 Reviews
Hire East London Pros for debt counsellors today

Price Estimate for debt counsellors in East London

Application fees: R50 :
Service fees (can be paid in monthly instalments): R1 000 : R6 000

Compare quotes from up to 5 local professionals for debt counsellors

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Top 10 Debt Counsellors in East London

How does a debt review help you?

Can your car or home get repossessed?

What happens after the debts are paid off?

Will your debt review affect your spouse’s credit?

Will the debt review affect your home’s bond?

How long does it take for the debt to be cleared?

Will you be accepted for new credit if you’re on the NCR registry?

Will creditors still pursue you for payments?

What happens if you can't pay the debt due to an emergency or death?

Why Snupit?

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