Apply for Debt Review

What is Debt Review? Debt Review is a structured process that allows you to hand over your debt negotiations to a professional Debt Counsellor. Your Debt Counsellor will assess your debts and income, ...

NCR-registered debt counsellors are held accountable by the standards set out in the National Credit Act, enforced by the National Credit Regulator. It is crucial to ensure that your debt counsellor...

As part of debt review, you pay a single, reduced monthly repayment. In calculating this amount, your debt counsellor is thinking of three things: Sustainability: The revised monthly payment needs...

If your debt is overwhelming you and you can't keep up with repayments, it might be time to consider debt review, also known as debt counselling. Here are the key signs to look out for. 1. You're...

When a consumer applies for debt review, the consumer’s profile is flagged as under debt review with the credit bureaus, meaning this reflects on your credit record. After you as the consumer...

Yes, credit bureaus will be notified when you enter into debt review. Here’s a breakdown of how the process typically works. Updating your Status with the Credit Bureaus Once you decide to go...

Your first payment date depends on various factors, such as the agreement made with the debt counsellor, negotiations with your creditors, and the specifics of the repayment plan as well as your...

When you enter debt review, your debt counsellor will formulate a repayment plan with you. Then, the debt counsellor will contact your credit providers for acceptance and negotiate lower interest...

To best prepare yourself for debt review, you should collect the following information before reaching out to a debt counsellor: Your ID or Passport: Your debt counsellor will need your ID or...

You can apply for debt review if you are unemployed, but unfortunately you cannot apply for debt review if you have no income at all. The National Credit Act (NCA) specifies that, for a consumer ...

If you are unemployed but married in Community of Property (CoP), you could still qualify for debt review, but there are several considerations to take into account. Your Application is Treated as a...