The Rise of Debt Counselling in South Africa

Life before debt review posed many challenges to overindebted consumers. Before 2005 (when the National Credit Act was introduced as a debt relief system), the legal debt relief available was limited and had many disadvantages. The rise of debt counselling in South Africa has empowered consumers to take ownership of their financial problems, giving struggling individuals the opportunity to start on a clean slate.

At Debtco Group, we have seen the positive difference that the debt counselling process makes in people’s lives. From your first 6 months under debt review to the finish line, trust our team to guide you towards success. Debt relief is possible: claim your free proposal today!

How Debt Counselling Came About

The government introduced the National Credit Act (NCA) upon recognising the urgent need for consumer protection, credit regulation, and fairness in debt management. With the introduction of transparent, government-led debt relief came hope and transformation. Over the years, the system has been improved – now, it is a trusted service that helps thousands of over-indebted consumers every year.

As a country, the reality we face is still not easy – over 12 million South African adults struggle with debt while relying on credit to cope. Without Debt Counselling, these individuals would feel helpless in the debt trap. Now, there is a way out of debt that also protects you from creditors. At Debtco Group, we can rescue you from your debt. A debt counsellor from our team will help you save money and stress less. Instead of many debt responsibilities, you will pay back one single and manageable monthly repayment towards your debts.

If you’re wondering what counts as debt and qualifies for debt review, start by assessing your budget and asking yourself questions like, “Am I falling behind on my debt obligations?” and “Do my debts and expenses exceed my income?” If the answers to these questions are yes, take this as the push you need. These are the top warning signs of overwhelming debt.

Your Debt, Made Manageable

Choosing to tackle your debt problems is the first in a series of steps towards financial freedom. Use our FREE CALCULATOR to see what your savings under debt review could look like. Remember, the rise of debt counselling in South Africa is directly linked to the benefits offered to over-indebted consumers. There is a way to repay what you owe without struggling to get by.

Protect your credit score, improve your mental health, and let Debtco Group assist with Debt Counselling.