Are you looking into debt review in Cape Town? If you struggle to pay off your debts without enough money to cover basic living costs, you may be over-indebted.

Let us help you get your finances back on track

Are you struggling to make ends meet while paying off your credit debt?

Even amongst crises like Covid-19, mass unemployment, and a declining economy, South Africans are still expected to dutifully keep up with their credit payments.

If, like many other South Africans, you have found that you are struggling to keep up with your credit debt payments, it may be time to seek out professional help from an accredited debt reviewer.

What is Debt Review Cape Town?

Debt review is a formal debt relief process that helps over-indebted people cover the costs of the basic daily needs—such as housing, food, school fees, and transport- while they pay off their credit debt.

Article: Debt Review – Everything you need to know

Over-indebted? Don’t delay debt review any longer

If you fall under any of the following categories, you might be over-indebted:

• I live paycheck to paycheck with basically nothing left to cover my essential needs after making my monthly credit debt repayments.
• I have no liquid assets that I can sell to pay off my credit debt repayments.
• I do not live above my means or spend money on unnecessary goods, yet I still struggle to pay my credit debt repayment.
• Even though I contribute as much of my income as I can to paying off my credit debt, I am constantly behind on my credit debt repayments, and I am worried about the growing interest.
• My creditors have warned me that they will repossess some of my assets if I continue to default on my credit debt payments.

If you answered yes to any of those categories, then debt review may be the only solution to help you pay off your credit debt and reclaim control of your finances and your life.

If you are unsure about whether you are legally over-indebted do not worry, one of our accredited debt counselors can help you determine your debt status today.

How Does Debt Review Work?

When you are under debt review, debt reviewers communicate directly with your creditors to renegotiate repayment terms, reduce interest rates, and establish a more manageable and structured payment plan for you.

Regain your financial independence in just a few simple steps!

The debt review process is easy, and we will support you every step of the way.

• Apply for debt counseling by filling Form 16.
• Report your income, expenses, and debt information.
• One of our qualified debt counselors will verify your information with your creditors.
• The debt counselor will negotiate a restructured payment plan for you.
• The restructured payment plan will be approved by the creditors and/or the Magistrate.
• You make payments according to the restructured payment plan.
• Once you have repaid all your debts according to the restructured repayment plan, you will be formally exited from the debt review program and able to take out credit again.

Debt review = Protection from legal action from your creditors

While you are under debt review, you are protected from repossession and other legal action from your credits.

Apply for Debt Review in Cape Town Today

Do not delay your financial freedom any further. Protect yourself from repossession and start your credit journey with a clean slate.

Get us to call you back for a free assessment today.