Debt Relief is Possible: Claim Your Free Proposal

Have you ever thought about creating a debt-relief strategy, but have no idea how to start? Debtco Group is here to lead the way! Drowning in debt is a horrible position to be in. It takes a toll on your mental health, relationships, sleep, and work life. Sometimes, we can become consumed by worry that we won’t make it to the end of the month, that we’ll have a judgment filed against us, or that our assets could be repossessed.

Debtco Group has worked with thousands of South Africans who have felt exactly the way you do. They’ve all made it out using one tried-and-true strategy written into law by debt-combative pioneers: debt counselling.

Read on to discover how you can achieve your dream of being debt and worry-free.

The Free Strategy: Start with a Calculator

Start strategising with Debtco Group’s free debt-savings calculator. This calculator shows how much you could save each month on debt repayments and how you could pay off your debt with our calculator.

To begin, press the bright blue calculator button at the top right of your screen. You’ll be prompted to enter information like your contact details, your debt repayments, income information, and essential expenses information. Using this, our calculator will work out a rough estimate of how much you could save each month when working with Debtco Group.

For example: a man called Robby earns R30 000 as a mid-level programmer. He pays R10,000 on his bond, R5,000 on his car, R2,000 on furniture instalments, and R5,000 on personal loan repayments each month. He is clearly over-indebted–he only has R8,000 left for living expenses– and could benefit from Debtco Group’s help. Using our calculator, he works out that he could save a whopping R8,750.

After you work out how much you’ll save with us, we’ll contact you to discuss specifics and provide an accurate quotation.

The Specifics

Once you’re sure you would like to work with us, we’ll explain the process. Here’s a quick overview.

An Overview of the Debt Counselling Process

Debtco Group will provide you with a document called Form 16, where we’ll formally list your debts, expenses, income, and other financial aspects that could affect your debt review application. When that’s done, our debt counsellor will register your debt help system status code as applied. Then, we’ll assess whether you’re over-indebted, a key sign you need debt review.

If you’re over-indebted, we’ll submit Form 17.2 to the Magistrate’s court and notify your creditors that you’ve applied for debt review. As soon as this form is issued, you will be immune from legal action like asset repossession, judgments, and administration orders. This is all part of the protection debt review offers.

Then, we’ll start negotiating with your creditors for reduced interest rates and lower debt repayments. Once all of this is agreed upon, you’ll agree to a monthly debt review repayment. If all goes to plan, you could be debt-free in 5 years or less.

If you would like to start saving and get free from debt, contact Debtco Group. We would love to help you on your way to financial freedom.