Debt review, also known as debt counselling, is a tailored process aimed at helping individuals who are heavily indebted to manage and repay their debts in an affordable manner. This process effectively consolidates all your debts into a single, reduced monthly payment, providing a protective shield against adverse actions from creditors, such as repossession of […]
Debt review is a financial lifeline for many individuals facing the challenges of overwhelming debt. In South Africa, the debt review process is a regulated mechanism designed to assist consumers in managing their debts more effectively. One of the common concerns among consumers is whether their assets are at risk while they are under debt […]
Approximately 10 million South Africans struggle with impaired credit records in South Africa. Debt review has helped millions of South Africans to date to return to a debt-free life. However, it is crucial to navigate the process carefully to avoid common pitfalls. Pitfalls which are easy to overlook but may cause slight delays within the […]
What is Debt Review? How can it assist you to reach financial stability? Follow along as Annaline van der Poel explains Debt Review.
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.
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!
