Are you in debt and struggling to make it out? Do you get to the end of the month riddled with stress? Debt review was created for you. It might be a good idea to record the contact details of the National Debt Counsellors, which is what this article provides.
Firstly, let’s look at the debt review process and how it all works.
How Does Debt Review Work with the National Debt Counsellors?
If you’re struggling to make your monthly debt repayments, you can apply for debt review with a registered debt review company like the National Debt Counsellors.
Here’s how it works:
Step 1: Request a Free Consultation from National Debt Counsellors
One of our professional consultants contacts you and takes you through a free, no-obligation financial assessment to determine whether you’re over-indebted.
Step 2: We Notify Your Creditors & Negotiate a New Payment Plan for You
If you are over-indebted, we notify your creditors that you’ve applied to go under debt review. From here, you and your assets are immediately protected under the National Credit Act. We also negotiate your loan agreements with your credit providers and restructure your repayments to an amount that you can afford.
Step 3: Pay a Single, Affordable Monthly Instalment
Once we’ve handled the above steps for you, you pay one easy monthly instalment via an accredited Payment Distribution Agency, which distributes the funds to your credit providers.
Step 4: We Make the Approved Plan an Order of the Court
Our panel of Attorneys apply to the Magistrates Court on your behalf to make your restructured repayment plan an official order of the court and ensure you remain protected during the process.
Step 5: Your Debt is Paid Off and Your Credit Record is Clear!
Slowly but surely, you’ll pay off your debt. Once it’s repaid, we issue you a clearance certificate and notify the credit bureaus to clear your credit record.
The Advantages of Debt Review with the National Debt Counsellors
The debt review process has a lot of benefits, the most significant is that you’re able to repay your debt in a structured and sustainable way.
Here are some of the other main reasons you should consider working with us to help clear your debt:
No More High Amounts
Your monthly repayments are reduced to an amount you can afford, which helps you step out of debt and into financial freedom.
We Cover You (and your goods)
We provide immediate protection to you and your assets, including your house and car.
We’re the Ultimate Middleman
We negotiate with your credit providers directly, so you don’t receive any more harassing phone calls.
More Peace, Less Stress
We negotiate lower interest rates on your behalf, and we extend your repayment terms. This means you get a bit more breathing room as you begin moving towards more financial stability.
We’re Comprehensive from Start to Finish
Once you’ve cleared your debt, we apply to clear your credit report. So, all you must do throughout the process is make your payments.
National Debt Counsellors Contact Details
We’re a team of leading debt counsellors who believe that debt doesn’t mean disaster. Our team of Debt Counsellors are registered with the National Credit Regulator and offers you a free, no-obligation assessment of your financial situation. You can contact us on the details below:
Phone/WhatsApp: 087 727 9728
Email: info@nationaldebtcounsellors.co.za
Facebook: @NDCNationalDebtCounsellors
Visit: The Workstation, 1 Old Main Rd, Umhlali