What Is Debt Review?

Debt Review in South Africa is a structured process where a qualified Debt Counsellor takes over your debt negotiations. Your Debt Counsellor becomes your main point of contact, who will consolidate your debts, assess your income, and work with you to create an affordable payment plan. This plan covers your monthly instalments and negotiates reduced interest rates with all your creditors. The Debt Counsellor will then handle all negotiations on your behalf, ensuring your debts become manageable while protecting you from asset repossession, legal action, and harassment from creditors.

Key Benefits of Debt Review:

• One affordable monthly payment for all your debts
• Reduced instalments across all creditors
• Negotiated lower interest rates with creditors
• Direct communication with creditors managed by your Debt Counsellor
• No more harassment from creditors demanding payment
• A structured repayment plan with a clear exit date
• Enough funds to cover your living expenses
• Protection of your assets from legal action
• Completion of the process leaves you debt-free and eligible for new credit
• Reduced premiums on credit life insurance

If these Debt Review benefits appeal to you, you’ll find the process straightforward and effective in achieving financial freedom.

Below is an info-graphic showing step-by-step how Debt Review works

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