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 Tzaneen

Purfin Administrators

Services Tzaneen

We helped our clients 17+ years to handle their debt. Our clients are our number one priority, and we go the extra mile to make sure they’re completely satisfied with our work. Our services are designed to tackle even the most complex proble...

3.5

2 reviews

by Busi, 071****957

Excellent service from Purfin Im more relaxed and I can now support my family

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Livfree Debt Solutions

Services Tzaneen

Our Debt Relief Services At LivFree Debt Solutions we offer the best solutions possible in the most caring way. These debt relief services include: Debt Counseling The major objective of this proce. About Us LivFree Debt Solutions offers d...

1 review

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Mills Debt Management

Services Tzaneen

breaking the shackles of debt. Pay 0% interest on your outstanding debt and REDUCE your MONTHLY INSTALMENT by up to 65%. Safeguard your assets against repossession and become financially free, by paying only what you can afford!...

3 reviews

by Sellina, 061****741

The transparency is this company was phenomenal, my accounts were negotiated to zero interest, that helped me pay quicker and become debt free. Thanks guys I am free

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Murangi Debt Counsellors

Services Tzaneen

Restructure your debt, Pay one affordable installment per month. We assist over-indebted consumers by restructuring their debts into one affordable monthly installment. When creditors are threatening to take legal action against the consumer...

1 review

by Phathutshedzo, 060****235

Yooo... I was drowning and Murangi debt counsellors was my life saver. Most people and some lawyers said debt review its your life time and can never be finished. Murangi debt counsellors prove me wrong as they assisted me to save and settl...

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Capricorn Debt Counsellors

Services Tzaneen

Our team has one goal: To get you debt free. . Capricorn Debt Counselors will be your guide and we will do the following if you are accepted as a client: Assess your situation, work through the process and application with you. Contact ...

2 reviews

by Josephine, 079****722

Restructuring of debt. Very good service.

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Me 2 I Can

Services Tzaneen

Free consultation because We understand your financial Hardship, Talk to us to arrange the suitable solution for your needs. We minimize disruption and hardship for our clients finding effective ways to stabilize,resolve and manage disputes ...

1 review

by Person, 062****651

That's a very good. I am so very happy with your services.

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Financial Freedom Administrators

Tzaneen

we pride ourselves on excellence service and a history of solid results. specialist in debt administration, we have been assisting communities for years and we will continue to do so...

0.0

0 reviews

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Debt Solutions

Services Tzaneen

Debt Solutions are experienced Debt Counsellors, highly skilled in addressing debt crisis. We are fully accredited with the National Credit Regulator ; and we are established with a National Payment Distribution Agency for the facilitation ...

1 review

by Queen, 073****648

These guys are awesome, got cleared and got my wheels with lowest interest

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Rheeder Attorneys

Services Tzaneen

1 review

by Adelette, 082****787

They always go out of their way to assist and the staff are always friendly and helpful. Thanks

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S A Debt Solvers

Services Tzaneen

1 review

by Riana, 072****555

Thank you for assisting me. Very good service

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Annerien De Jager

Arbor Park, Tzaneen

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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Featured Debt Counsellors near Tzaneen

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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