Step 1: Debt Counselling Document (information) Collection: You give us the details relating to your current income. Also, your monthly budget and all your current debt repayments. The information can be sent via fax, you can email us or give us the information on the phone.

Step 2: Debt Counselling Initial Assessment:  We conduct an initial assessment on your current over-indebtness, to what extent have you got debt in relation to your income. Our professional Debt Advisor will explain the initial assessment to you on the phone, or make an appointment to come and see you. You will need to supply us with copies of your latest payslip, bank statements, ID book, and your latest creditors statements (all of the creditors you owe money).

Step 3: Debt Counselling Consultation: At the appointment or on the phone the Debt Counsellor will verify your personal details pertaining to your current income (salary), current monthly budget and existing debt repayments (your current creditors that you owe money).  A revised budget is drawn up and an overall amount available for debt distribution will be determined.  The Debt Counselor will provide you with the details of the fees as well as an interim repayment schedule. This is the point when you officially apply for debt review.

Step 4: Debt Counselling Payments: You now start paying a reduced, affordable payment on monthly, according to the interim payment schedule. This  money is paid to a Payment Distribution Agency (important - not to us - to the Payment Distribution Company), as per the National Credit Regulator - basically that is what the law says. No additional or extra costs or fees! Our fee is included in the 1st months repayment.  We start negotiating a proposal with all your current credit providers on a repayment plan.

Step 5: Debt Counselling Credit Proposals: The credit providers have the option to accept the proposals. If all of the credit providers accpet the proposals a consent order is obtained from a Magistrates Court.  If the credit providers (one or more) do not accept the proposed repayment plan we submit a proposal to a Magistrate for decision on the repayment plan.

Step 6: Debt Counselling Final Repayment Plan: The final step is we will supply you with a final repayment plan. This repayment plan is submitted to your Creditors and the Payment Distribution Agency. (PDA) who pays out the monies. The goal is to collect a single payment from you. This  signle payment ensure that the right amount of money is paid to all credit providers; and on a monthly basis. This repayment plan continues until all debt has been settled in full.

Why wait when your debt solution is only a call away!

Complete the form, call us now for a private and free assessment!