Legal And Debt Solutions Umhlanga Rocks  Verification Pending

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About Us

The debt review process was introduced in 2007 with the National Credit Act (NCA).

Debt review or debt counselling as it is commonly known, is a debt solution targeted at South African consumers who are over indebted and struggling to manage their finances.

The National Credit Act (NCA) introduced the formal debt counselling program/debt review, in order to prevent consumers from being placed in a more difficult situation than what they are currently in especially with spiralling interest rates and arrear accumulation. It also ensures that the Creditors get paid instead of consumers not paying anything towards debt that is owed to them.

Debt review is the process whereby a debt counsellor assesses a client’s outstanding debt and implements a restructured debt repayment plan, which is called a PROPOSAL. This will be done through the process of renegotiating interest rates with credit providers in order to reduce them, as well as by extending the debt repayment terms.

A new affordable monthly budget and payment plan will be drawn up our debt counsellor, which will provide the client with the correct guidelines and means to live off.

In addition to this, the debt review process entails that the client makes only one monthly debt repayment to a payment distribution agency, which will then pay all the clients credit providers. This reduces the stress of having to keep up to date and on top of multiple debt repayments.

Most importantly, when under debt review, clients are legally protected by the National Credit Act (NCA) and creditors are no longer allowed to hassle them.

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1 Jubilee Grove, Umhlanga Rocks - 4320
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