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.

Featured Debt Counsellors near Phuthaditjhaba

PMB Debt Counsellors

Services Phuthaditjhaba

Let us help you get Peace of Mind. PMB Debt Counsellors is KZN’s premium Debt Counselling consultancy and has been one of KwaZulu-Natal’s first Debt Counselling firms, owned and managed by a practising Attorney. We have over the years est...

4.8

19 reviews

by ANON, 061****985

I received a High Court Application from Std Banks Attorneys to sell my property on auction as I was in substantial arrears. I felt helpless and had not a clue what to do next. Luckily for me I was advised to contact Mr.Mahomed who came hig...

Request a Quote

PMB Debt Solutions

Services Phuthaditjhaba

Immediate Financial Relief!!! For all your debt consulting needs and advice. Contact Us Today: - Free debt advice; - Avoid administration; - Don"t lose your house and car; - Combine your debt into "ONE" affordable payment; - Avoid more ...

1 review

by Michelle, 072****057

Not only was i having financial but also emotional stress due to my over indebtedness. Those harassing phone calls are now a thing of the past. All stakeholders involved in the debt review process were helpful so that we could reach an a...

Request a Quote

D & R Incorporated

Services Phuthaditjhaba

Your helping hand in Bad times!. Being over-indebted is not a shame or a reflection of you as a person due to numerous life events that happen to all of us . . . But it is a shame and a very poor refection if you continue being in denial of y...

2 reviews

by Katelin, 076****236

D & R Incorporated is an amazing company who cares about their clients well being. The best part about D & R Incorporated is the fact that you are dealing with the staff face to face and not with nameless/faceless people. I would recommend ...

Request a Quote

Que Debt

Services Phuthaditjhaba

Live your best life, debt FREE!. Que Debt is a well established organization with personal service standards. Our clients are individually attended to. You are much more to us than merely a number. Getting out of debt does not have to be stre...

1 review

by Jason, 078****034

Que Debt has really assisted me by saving on my installments to my creditors. My car is no longer in arrears and I am able to buy groceries and pay my bills because I can budget now as I only have 1 monthly amount going off my bank for all ...

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Swaleh Mahomed Attorneys

Services Phuthaditjhaba

1 review

by ERIC, 076****903

Excellent service from Mr.Mahomed during my recent insolvency proceedings. I can at least now get my life on track again !

Request a Quote

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.

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Featured Debt Counsellors near Phuthaditjhaba

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?

Quote requests posted by other customers for debt counsellors

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