- Debt Restructuring:
Consumers who are over-indebted can reduce their monthly installments to a lower amount they can afford. This service is ideal for those who earn income and fall within the following:
- Consumers who cannot afford to pay their monthly installments
- Consumers who pay their installments but after paying, do not have enough money to cover living expenses or minor emergencies for the rest of the month.
- Consumers who have received a Sec 129 letter (letter of demand) from a creditor or are about to lose their asset through repossession.
Our step-by-step process;
- 01. Contact us via our channels
Connect with us via any of our channels and one of our debt experts who is proficient in your preferred language will get in touch to complete a FREE debt assessment within a few minutes.
- 02. Receive a free debt assessment
We will download a free credit report, assess your income and expenditure, and determine if you are over-indebted. You will qualify for a reduction of your instalments to a lower amount you can afford, If your income cannot cover all your expenses and monthly debt repayments.
- 03. Provide all relevant information
On completing the assessment, we will give you an estimate (98% accurate) of the total reduction you could get on your installments and provide all relevant information to enable you make an informed decision. If you wish to proceed, we will request for your ID copy, Payslip, and Bank Statement. Once we receive the documents, we will provide a completed form for signature. You can then sign either manually (print, sign, scan, and email or WhatsApp) or electronically through a link we will send to your phone. The link will give you access to view the document and the option to sign and download a copy to your phone.
- 04. Reduce your monthly payments
We negotiate with your creditors to reduce your instalments and interest rates to the amount you can afford. We can reduce your total instalments by up to 60% depending on the type of debts and outstanding balances you have. Rather than making several payments to multiple accounts, you instead make one reduced monthly payment to cover all your debts.
- 05. The law protects you
Once you commit to the new repayment plan, your creditors and debt collectors will stop contacting you. Also, our attorneys will take the new repayment plan to court and make it an order of court. Subsequently, your Creditors cannot take legal action against you or repossess your assets.
- 06. Completion and clearance
We will clear you from the process either when you have settled your unsecured debts in full. Also, we can remove you at any time through our Debt Review Removal process IF your financial situation has changed and can now afford to pay all your original monthly instalments and living expenses.