Debt-Free Future: Begin Your Path to Financial Freedom in South Africa

Assessment: A Debt Counsellor assesses your financial situation, verifying your income and expenses to determine if you qualify for Debt Review.
Negotiation: The Debt Counsellor negotiates with your creditors to reduce interest rates, extend repayment terms, and restructure your debt into a single, manageable monthly payment.
Court Order: If an agreement is reached, the Debt Review plan is made official through a court order, providing legal protection from creditor harassment.
Repayment: You make a single monthly payment to a Payment Distribution Agency (PDA), which distributes the funds to your creditors according to the agreed-upon plan.
Clearance: Once you've repaid your debts in full, you receive a clearance certificate, allowing you to access credit again in the future.

Reduced Monthly Payments: Potentially lower your monthly installments by up to 60%, making them more affordable.
Protection from Legal Action: Creditors are legally prohibited from taking legal action against you while you're under Debt Review.
Structured Repayment Plan: A clear plan helps you track your progress and stay motivated.
Financial Education: Debt Counsellors often provide guidance on budgeting and financial management.
Peace of Mind: Knowing you're on a path to becoming debt-free can significantly reduce stress and improve your overall well-being.