What is debt review? Debt review, or debt counselling, is a debt relief measure that helps over-indebted South African consumers get out of debt. The process aims to help consumers who are struggling to make ends meet by reducing their monthly debt repayments. By doing so, you’ll have more money available for other monthly expenses… Continued
Unfortunately, there’s no specific timeframe for how long your name will be flagged for. Your name will be flagged under debt review until all your debt has been settled and you’re up to date with your bond repayments. Once that happens you will be issued a clearance certificate which will prove that you have completed… Continued
Almost 42% of credit-active consumers are struggling to pay their debts according to the latest 2020 industry figures. If you are one of them, then you probably know all too well what it’s like to be overrun with emails, calls, letters and SMS’s reminding you to pay your debt. But what if you are still… Continued
A judgement is granted when legal action is taken against you for failing to pay off your debt, or if you fail to defend your summons. A judgment will remain on your credit report for 5 years, and if left unpaid, you will be legally liable for this debt over the next 30 years, even… Continued
Paying off your debt is a long and slow process, which can be frustrating. But if you make small changes to your monthly spending habits, you can speed up the process. You can get out of debt quicker by making simple lifestyle changes. We all have lifestyle expenses we can sacrifice to help us get… Continued
IOL reported that the average South African carries around R16,481 in credit card debt. But considering current economic conditions these numbers may be a lot higher. Debt Rescue conducted a study that found 85% of South Africans are in financial stress due to covid-19. Due to their current financial situation, South African consumers are relying… Continued
Many South Africans are struggling to afford all their monthly bills at the moment. As a result of this consumers rely on debt relief programmes to help cope with their financial situation. One solution may be Debt Administration. What is debt administration and how does it work? There are various financial relief options to choose… Continued
What would you do if you were debt-free? Take a second to imagine what your life would look like. Imagine all the extra money you’d have to spend on the things that actually make you happy. You might have an extra R1 000, R5 000 or even R10 000 every month. What would you do with… Continued
As the Covid-19 pandemic keeps rising, South Africans struggle to keep up with all their monthly expenses. Many people have lost their jobs over the past few months and those who have jobs are hanging on a financial thread. Providing a perfect feeding ground for money lenders. Dodgy loans sharks have infested South Africa with… Continued
If you have more debt than you can handle you might want to consider some form of debt relief. While South Africa offers a variety of debt relief options, you’ll need to find the best one that fits your financial situation. A debt consolidation loan might be an option, but is it the best option… Continued
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
