Smooth Debt Review process | Consumer Tips

Debt Review Can Change Your Life

Getting into debt is easy. Too easy. The allure of easy credit can draw you into a lifestyle you can’t afford.

First, you’re buying a house and a car. Then you’re splashing out on store accounts and adding your restaurant bills to credit cards. Next thing you know, the repayments leave you with less and less money to get through the month.

You’re stuck! How are you going to pay for your utility bills and car installments, let alone, put petrol in your car and food on the table for your family?

Now what?

It happens so fast. We know…

[Read] As South Africans adjust to living in a country in the midst of a technical recession, the National Credit Regulator (#NCR) has urged the public to make use of #debtcounselling services @the_dti
https://t.co/spw1vGk2uv pic.twitter.com/CtfkvXeNbo

— SA Gov News (@SAgovnews) September 11, 2018

The Debt Review process is easier than you think

You’ve probably heard about Debt Counselling or Debt Review.

The National Credit Act (NCA) introduced Debt Review because so many South Africans are struggling with debt. And, as you know, getting into debt is so easy… and getting out is a lot harder.

Because of this, the debt review process was ultimately put in place to help and legally protect you.

Debt Rescue is a professional registered organisation designed to help you get out of debt.

Our experienced Debt Counsellors will personally guide you through the process. We will help you:

Create a new affordable monthly budget
Negotiate an affordable debt repayment plan
Take over all communication with Credit Providers
Lower your monthly debt repayments
Handle all legal matters for you
Relieve you of stress as you only pay one monthly debt repayment

Most importantly, you’re legally protected by the NCA once you’re under Debt Review.

We’ll take the journey with you and make sure you have the best experience. Here’s how you can have a smooth Debt Review experience with Debt Rescue.

1. Speak to us and we’ll help you through the process

We want to make the entire process as easy as possible for you. You don’t have to worry about any legal matters or speak to any of your creditors. That’s our job!

Which documents do we need from you? Nothing complicated at all. To get started we will simply need your ID and proof of income to get started.

Once we have these documents, we can start processing your application. And, you’re one step closer to a debt free future.

2. Let us know if you have ANY concerns

Communication is a two-way street – and we’re pretty easy to speak to. We’ll contact you when we need to. You should feel free to give us a call anytime you want to discuss the process. Your Debt Counsellor will help you work through any problems you may have.

Please contact us right away if:

Any creditor tries to contact you – they must speak to us
You can’t afford your monthly payments
Any unexpected costs you can’t afford pop up (such as a car accident)
If any of your contact information changes

The last point is very important. We need to be able to reach you. If you get a new phone number, email address, postal address – a new ANYTHING – please update your information with us. This will help us keep in contact with you.

3. Start fresh

Start with a fresh bank account and let us handle your creditors!

We suggest you close your old bank accounts and open up a new savings account. This is not always a must, but it can prevent complications.

Why a savings account? A saving account will allow you to manage and stay in control of your payments. Plus, this type of account is usually cheaper to maintain.

Once you’ve been placed under Debt Review, we’ll let your creditors know. From this point on, you’re fully protected. Creditors will not be allowed to take any money from you.

We’ve got your back from start to finish.

Take the journey to a debt-free future with Debt Rescue

We understand how hard getting out of debt can be. The Debt Review process is meant to make your life easier. We want to make sure you have a smooth ride to a debt-free future.