As a leading debt counselling company, we as National Debt Counsellors take pride in our mission to rid South African citizens of their debt through our debt counselling services.
How Does Debt Counselling Work?
If you’re struggling to make your monthly debt repayments, you can apply for debt counselling with a registered debt counselling company like National Debt Counsellors.
The process of debt counselling is much simpler than you might expect. It is summarised in a few easy steps:
Step 1: Request a Free Consultation from National Debt Counsellors
One of our professional consultants at National Debt Counsellors contacts you and takes you through a free, no-obligation financial assessment to determine whether you’re over-indebted. Don’t worry, this process is completely confidential!
Step 2: We Notify Your Creditors & Negotiate a New Payment Plan for You
If you are indeed over-indebted, we then 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’s affordable for you. This means you’ll no longer struggle to make payments each month!
Step 3: Pay a Single, Affordable Monthly Instalment
Once we’ve handled the above steps for you, you begin paying one easy monthly instalment via an accredited PDA (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. Hooray! Once it’s repaid, a clearance certificate is issued and we notify the credit bureaus to clear your credit record. You are now able to live in financial freedom!
The Advantages of Debt Counselling with National Debt Counsellors
The debt counselling 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. We do everything else on your behalf!
The ultimate reason to undergo debt counselling is simply to get on a better financial wicket overall. To live debt-free is the goal, and with debt counselling it becomes possible.
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.
