Debt Review Application in South Africa
The low to average earning consumer is most likely familiar with financial struggles, and feels the pressure of regular inflation and hiking interest rates. It is no longer easy to avoid debt, and South Africans are quickly becoming over indebted as they rely on loans and credit to simply get by. Your Debt Review Application signals a need for change, and this is where Debtco Group steps in to lend a hand and get you through the tough times.
You can count on our Debt Review Counsellors to help you overcome your debt. Our goal is Debt Relief, and getting you there with the help of a professional Debt Review service can make a huge difference to your quality of life. Our Debt Review Application is open to anyone, and allows us to assess your finances and understand your financial needs. If we find that you’re over indebted and cannot reasonably manage your debt obligations, we step in to restructure your debt instalments and the interest rates that are linked to them. This insight into your finances guides us as we deal with your creditors. Debt Restructuring is an important part of the service we provide.
You can call us for a free assessment, visit our office, or begin the Debt Review Application process online through our website. The Debt Review process is designed to help you achieve your financial goals – once you’ve applied, it takes between 3 to 5 business days for your application to be processed. Once you are approved, we notify your creditors and you will be registered with the National Credit Regulator (NCR) – you will also be supplied with a unique NCR number. Immediate benefits include Debt Review Protection, which includes protection from damaging legal action associated with your debt, such as the repossession of your valuable assets.
Bear in mind that, once we accept your Debt Review Application, certain restrictions are in place to ensure you’re primary focus is on restoring your finances. This means that you cannot incur new debts until you’ve successfully completed Debt Review. During Debt Review, your debt is consolidated, and you will be paying just one instalment each month, that is managed through a Payment Distribution Agency that we trust. You are still responsible for making your payment every month, and should be able to do so easily, as we have restructured it according to your financial capabilities.
Get in touch with Debtco Group for reliable and effective Debt Review services. From a simple Debt Review Application process to a high success rate and tailored approach, we have your best interests in mind.