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 Volksrust

Romi Oliphant Debt Counselling Services

Services Volksrust

We belief you're worth it!. Debt Counselling is a formal, legal, relief provided by the National Credit Act for over indebted and debt stressed consumers. Consumers have the opportunity to have their instalments reduced to allow breathing roo...

6 reviews

by Helen, 072****620

Absolute world class service I would recommend anyone in financial dire need to contact The offices . I have found that I can now live a bit above board and pay my child's school fees and still put food on the table due to the help received...

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Living Debt Free

Services Volksrust

Debt relief is NOT the end, it is the Beginning Become DEBT FREE in the shortest possible time…. We are a Debt Consulting Agency Established in 2008, we have successfully assisted 100’s of over-indebted and cash strapped clients over the yea...

4 reviews

by Frans, 079****382

Best decision of my life to go to Living debt Free. They helped me more in 2years being with them than the other company did in 5 years.

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BLR Attorneys

Services Volksrust

Client Focused. Results Driven. BLR ATTORNEYS INC A law firm consisting of two partners, Jaco le Roux and Brenda Brand, with a combined post graduation experience in excess of 22 years. Our mission is to take a genuine interest in our...

1 review

by Henri, 082****625

Attentive to my business' specific needs

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Affirmative Debt

Services Volksrust

We can reduce your monthly debt by up to 60%. We specialize in assisting over indebted consumers. All banks and credit providers are listed on our panel for negotiations. We are an office based business who prefer dealing with our clients dir...

3 reviews

by Shaune, 071****453

Any queries (credit provider related) is always resolved in a acceptable turn around time and with excellent feedback, they go the extra mile for any customer. I recommend affirmative debt to anyone. they are big enough to matter and small ...

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Jaco Le Roux Inc

Services Volksrust

Jaco Le Roux Incorporated is a fast growing Law Firm, through modified, personalized and exceptional service delivery. Jaco Le Roux is currently the owner and sole Director of Jaco Le Roux Incorporated. He obtained an LLB degree at the Un...

1 review

by DESMOND, 076****933

Mr Le roux of Jaco Le roux Inc is a sharp attorney in any legal matter he encounters can be a divorce matter, Criminal or Maintenance and other services he is specializing in. All the instruction i gave to his over the years to appear at th...

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Perfect Secure Debt Collections

Services Volksrust

here for you here with you. Perfect Secure Debt Collectors is a professional debt collecting company that will build a profile for your needs. We are one of a kind with lots of special extra's. we specialize in medical practices debt, veterin...

4.5

2 reviews

by Louise, 083****299

Excellent service and very professional. will use them again in future.

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Loulana Finance

Services Volksrust

0.0

0 reviews

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Jordaanstroom Debt Management

Services Volksrust

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 Volksrust

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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