Consumers across the country face the threat of losing their homes and assets due to rising debt repayments. The solution? Debt review. This legal safeguard shields consumers from creditors and offers surprising benefits that can transform your financial outlook. What is Debt Review? In essence, debt review provides legal protection against creditors for consumers […]
If you are struggling to pay your debts every month, you might be wondering if you need debt counselling. Debt counselling, also known as debt review, is a legal process that helps over-indebted consumers to restructure their debt repayments and become debt free. But how do you know if you qualify for debt counselling and […]
One of the most significant apprehensions many South Africans face when considering Debt Review is its impact on their credit score. Yet, it’s crucial to perceive Debt Review not as a financial backstep but as a constructive mechanism designed for your financial betterment. Will my credit score improve? Can I confidently apply for credit again? […]
Are you burdened with debt but dream of owning your own home someday? Getting approved for a home loan on its own requires a good credit score. It is unlikely you will get approved when your debt already exceeds what you can afford. The first step to home ownership is getting rid of unsecured debt. […]
Debt review, also known as debt counselling, is a process initiated in South Africa with the introduction of the National Credit Act (NCA) in 2007. It’s designed to assist consumers who are struggling with unmanageable debt, offering a structured means of addressing and reducing significant financial distress. Getting Your Clearance Certificate After successfully completing the […]
Money myths that we may all have believed in, or still follow. Do you have any money myths that you have debunked, share them below.
Are you grappling with overwhelming debt and considering debt review but unsure if you could buy a car during the process? The debt review process is designed to help individuals regain control over their finances, however there is a common misconception that once under debt review, your financial freedom is limited. Debt review is not […]
In South Africa, marrying in community of property (COP) means that both spouses’ assets and liabilities are merged into a joint estate. This is the default marital property regime unless a couple decides to execute an antenuptial contract (ANC) stating otherwise. Debts Before Marriage If one spouse has pre-existing debt before the marriage, it becomes […]
Get access to your FREE Credit Score and other financial insights to assist you to reach financial freedom here: https://report.debtrescue.co.za/
For South Africans feeling the weight of unmanageable debt, debt review can be a pivotal step towards regaining control. By seeking help from a registered debt counsellor and adhering to the reduced repayment plan, individuals can effectively navigate their financial challenges, while preventing further complications like asset repossession. From the outset, individuals gain immediate financial […]
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!
