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 Rustenburg

Madiala Financial Solutions

Services Rustenburg

Are you drowning in Debt? Let us help you get out of Debt. We are a debt restructuring organization who aims to assist South African consumers who are over indebted. We offer debt counseling by negotiating a restructured payment plan to make ...

4.8

5 reviews

by phina, 074****561

They are professional, i received the best service.

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Gauteng Debt Counselling

Services Rustenburg

Debt Counsellor services in SA. We specialise in Debt Counselling. Gauteng Debt Counselling has been in the Debt Review practice since 2010. Our track record is excellent, delivering great quality service with an understanding attitude com...

11 reviews

by Portia, 076****062

I am happy with the servce and i appreciate the guidence i received , I am having a baby because of the freedom i received . Keep helping others who are in need . Thank you...

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Debt Refuge SA

Services Rustenburg

your financial freedom. Debt Refuge SA is a professional debt relief company with an impeccable track record registered with the Companies and Intellectual Property Commission. Our NCR Accredited Debt Counsellors aim to walk hand-in-hand with...

4.8

5 reviews

by Masana, 079****084

Thomas handled my query very professionally and always gave me regular updates.

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Creditsmart Financial Services

Services Rustenburg

The Smart Way Out of Debt. CreditSmart is a financial services provider focused on assisting consumers with every aspect of credit, debt and financial management. 1. Help consumers get smart about their credit, debt and finances. 2. Help...

20 reviews

by Roseline, 063****943

Xolani's service was 100% for me, I had a few questions that I wasn't sure of and he helped me with all of it, very nice chatting to him and I was comfortable with him too. Thanks

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Visagie Attorneys

Rustenburg

“Client Focused and Results Driven”. The services we offer include: Anti-Nuptial Agreements, Blacklisting / ITC Removal, Child contact and responsibilities, Civil Litigation, Civil Partnerships, Cohabitation Agreements, Court Preparation, Deb...

4 reviews

by Marlo, 067****111

Excellent and professional service! I highly recommend Visagie Attorneys.

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Informed Debt Solutions

Services Rustenburg

Restructure your debts and Protect your assets. We are a registered debt counselling company with over 8 years of experience in debt counselling. Debt counselling can help you restructure your debts into one affordable monthly payment and hel...

3 reviews

by Annie, 073****021

I was surprised at how fast IDS responded to my query, I contacted them via facebook and two days later my evaluation was done and I was signed up, I can't wait to be debt free. Thank you.

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Debt Assessor Debt Counsellors

Services Rustenburg

We endeavour to implement quality management systems basing on ISO requirements so as to ensure consistent service excellence. Since 2006, DebtAssessor has been offering unparalleled services to all c. DebtAssessor is an autonomous organisati...

3 reviews

by Mhlangasi, 061****198

This is the best company to get assistance from. They are so accurate when it comes to estimating the installments which are acceptable to creditors. Most D.C. I spoke to when quoting me small amounts just to get Restructure fee but I kept ...

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Rihanyo Financial Solutions

Services Rustenburg

Don't let DEBT get you down, call us... We provide Debt Counselling services to help you cope with your monthly payments. Let us stop harassing messages and phone calls from creditors, help you keep your assets from repossession, reduce you ...

4.5

2 reviews

by Paraousia, 072****899

I'm still under Rihanyo Financial Solutions debt review and their services is 100% compare to where I was before. I'm busy referring new clients.

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Omega Debt Consult

Services Rustenburg

For all your debt councelling needs. We have offices situated in Boksburg and Benoni. Our goal is to assist consumers to the best of our ability and to relief the client from financial stress. We consolidate all your debt into one affordable ...

4.8

4 reviews

by henry, 083****003

very helpfull and always willing to listen what you are requesting and want to be done if you have a request. and they come to you dont have to go to them when you want assistance.

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Sa Debt Review

Services Rustenburg

We offer a more affordable way to restructure your debt into one lower installment. We offer a more affordable way to restructure your debt into one lower installment. We can reduce your debt by up to 60% of the monthly installment. We can st...

3 reviews

by Maria, 084****774

After my husband passed away I got into financial difficulty having to pay for the funeral - the hospital bill - finalise the Estate as well as maintenance on my home - I approached SA Debt Review for help until such time I could sell my ho...

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Negociate Credit Solutions

Services Rustenburg

Your Money Better Terms. Decisions Made By Real People: We don’t use a ‘computer-says-no’ algorithm. We get to know each and every consumer and their specific needs. So if your financial criteria doesn’t fit the strict criteria of many ins...

1 review

by Hannetjie, 084****597

Your service is excellent. Without your help I would not make it. Thanks for your excellent advice and good service. I really appreciate it very much.

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Debt Therapy

Rustenburg

Reduce your monthly instalments with up to 50% and get protection from Credit Provider. Debt Therapy has been rated as one of the top 5 Debt Counselling companies in SA for the last 4 years. Debt Therapy is the 1st company in SA to offer Debt...

0.0

0 reviews

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Registered Debt Counsellor

Rustenburg

You only pay what you can afford. Contact our office for a FREE assessment. A definite solution for consumers that face financial difficulties. What Is Debt Review? Debt Review forms part of the National Credit Act and is a legal process th...

0.0

0 reviews

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Grobler Malope Inc

Rustenburg

We are a boutique law firm offering professional services of exceptional quality at an affordable price. We offer various services but mainly focus on Insolvency-, Family-, and Labour Law. We believe in being the best, not the biggest. Clien...

0.0

0 reviews

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Tebogo Phapogo Attorneys

Rustenburg

We are firm of innovative and dynamic Attorneys situated at the heart of Rustenburg. Navigating through legal matters can be overwhelming, this is why we commit ourselves to assist and guide our clients with their legal matters. We offer bro...

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.

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Price Estimate for debt counsellors near by Rustenburg

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

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Featured Debt Counsellors near Rustenburg

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?

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