14 Jan One of the Best Debt Review Companies in Cape Town
We’re Debtco Group, one of the best debt review companies in Cape Town. Here, our experts work tirelessly to ensure you’re always informed and cared for during one of the most defining periods of your life – gross financial uncertainty. Our team are experts in the legalities of debt counselling, completing and submitting the necessary forms on time, and have connections to some of South Africa’s most established debt help attorneys. Debt relief is possible. We’ve helped thousands of South Africans become debt-free with the nation’s most effective and lawful debt help systems: debt review.
Debt review is a legal process wherein a debt counsellor negotiates for reduced interest rates and repayments, legal protection, and the safety of your assets. As soon as we submit the proposal for your debt rearrangement to creditors, you’re protected from legal action like defaults and garnishee orders under the National Credit Act. We’ll help you overcome over-indebtedness with a hop, skip, and jump over the obstacles you face.
If you struggle with budgeting, one of our repayment plan creators will help you create a budget, eliminating unnecessary expenses and helping you save money wherever possible. Let our team of experts make financial freedom a whole lot easier: trust Debtco Group.
In this post, we’ll cover how various parts of our team assist with caring for you while you’re during the process, from completing your application form to obtaining a clearance certificate.
One of the Best Debt Review Companies in Cape Town: Making Freedom of Debt Effortless
Let’s discuss why we’re one of the best debt review companies in Cape Town in that we offer guidance and expert care throughout your application, proposal offer, court appearance, repayment plan, payment, protection, and clearance certificate acquisition.
Application
When you apply for debt review, you must apply for debt review using Form 16. There, you’ll list your debt, income, and expenses, as well as other costs that make debt hard to pay. We’ll help you create a comprehensive overview of your debts and income to get a well-rounded idea of your finances and how we can help. Then, we’ll get a copy of your credit report to ascertain whether you’re facing imminent legal action and discuss how to mitigate judgments and being sued – debt review.
Repayment Plan Structuring
To begin negotiations for lower interest rates, we’ll use the information specified in your Form 16 and credit report to confirm your debts and rates with credit providers. After that, we’ll create and present a payment plan to your creditors. We’ll negotiate fiercely on your behalf to get you the lowest rates and repayments possible.
We’ll also conduct a reckless lending assessment to see whether you were granted credit unfairly or without proper assessment. If you were, you’re eligible to get part or all of that debt written off.
Court Appearance
During debt review, an attorney must appear in your capacity (you don’t have to go) in court to present the repayment plan and case for over-indebtedness in the Magistrate’s court. Your attorney will also defend against any claims by creditors or opposition. We have connections with some of South Africa’s best debt-help attorneys to help you get back on your feet.
Monthly Repayments
Debtco Group has partnered with the industry’s choice payment distribution agency (PDA). They’ll distribute your repayments fairly to creditors, ensuring you don’t have to face communication and demands. This will keep both you and your creditors safe from possible legal complications that could arise from communication. Your debt counsellor will communicate with your creditors on your behalf.
Clearance Certificate
When you’ve completed debt review repayments, your debt counsellor will issue you a clearance certificate (Form 19) quickly and efficiently, ensuring you can dispute the debt review flag and the debt that led to it from your credit record. Then, you’ll be able to begin rebuilding your credit responsibly again.
Why Debtco Group?
Debtco Group is one of the country’s most established debt counselling firms. For years, we’ve helped South Africans of all financial backgrounds and circumstances reclaim their financial powers and control once more. Our team has worked in the space for years and are knowledgeable about every nook and cranny of the process. We’ll help you become debt-free as soon as possible with an optimised and personalised budget and repayment plan, freeing up funds from lowered interest rates and repayments.
During debt review, you’re free from legal action creditors could take against you. Your assets are safe too – you won’t lose your house, car, or other valuables when you work with a Debtco Group debt review professional.
To work with one of Cape Town’s best debt review companies, contact us today. We would love to be of assistance on your way to financial freedom and living a debt-free life!