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 Thaba Nchu

Hofman Mdeni Tracers

Services Thaba Nchu

Tracing Debt Collection and Legal Advise Services. We specialise in tracing of debtors/ defendants/ third parties/ businesses and Close Corporations. We obtain home addresses and / or work addresses of the debtors, businesses’ trading address...

4.5

2 reviews

by Marisa, 065****666

"I have been very impressed with the trace reports obtained from Hofman Mdeni Tracers, they have proved to be imminently useful"

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RDS Redeem Debt Solutions

Services Thaba Nchu

Let us help you to increase your cash flow by reducing your debt. RDS is a newly founded debt collecting company which strives in the collection and recovery of every business or individual’s debt. RDS are registered with the Council for Deb...

2 reviews

by Lize-Marie, 084****007

Skuld invordering (rekeninge) Uitstekende diens met maandelikse terugvoering. Al my kliente het getuig van baie professionele diens asook dat almal by RDS baie vriendelik en behulpsaam was. Ek sal RDS enige tyd aan beveel

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CS Clear

Services Thaba Nchu

We can help you manage your debt repayments or clear your ITC records. We have been assisting clients managing their debt repayments through the debt review process since 2008 . We can also assist consumers to clear their credit reports from ...

3 reviews

by Janet, 066****575

CS Clear cleared my name from debt review. Friendly and professional team.

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NDV Collectors

Services Thaba Nchu

Debt Collection Do your company have a small or large amount of outstanding debt, and if it’s low or high volume, the team here at NDV Debt Collectors have a Debt Collection Solution for you. NDV Collections We specialise in corporate deb...

3 reviews

by Mirinda, 072****450

Excellent fast Service..!! Well Done..!!

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Johnny Jansen Debt Counsellors

Services Thaba Nchu

Immediate Debt Relief for consumers. Stop harassment from creditors and lawyers. You are protected by a Court Order and get Clearance Certificate when debts are settled. We are doing Debt Counselling services whereby all accounts are being r...

1 review

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Du Plessis & Partners

Services Thaba Nchu

1 review

by Alinah, 072****163

I'm very disappointed with their service they follow the lead without doing the back round checking.

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National Credit Revolution Debt Counsellors

Services Thaba Nchu

1 review

by Elize, 074****908

I was hugely in Debt a few years ago, but thanks to the team at National Credit Revolution, I paid off all of my creditors and I am now totally debt free. Thanks to Anlie and her team you guys really went above and beyond...

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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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Featured Debt Counsellors near Thaba Nchu

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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