A formal debt restructuring process aimed at assisting consumers that are over-indebted or will be.
Applicant and his/her Spouse (if married in c.o.p.) will be flagged/ blacklisted by credit bureaus once the Debt Review process starts.
Reflects on credit bureaux until removed
All accounts must form part of the Debt Review process.
There is no limit on the Debt amount.
One monthly amount is paid into Payment Distribution Agency for distribution
Court order protection against Assets (House/Bond, Car and Furniture).
Legal Fee equals to the instalment provided
Voluntary Debt Management
Informal restructuring of debt.
Minimum Installment 50% of your current installment.
One monthly amount is paid into attorney trust account for distribution.
Not reflected on credit bureau
Does not reduce interest rates
Can exclude spouse married ICP
You are able to stop whenever you feel you have satisfied your budget.
Legal fee of R100pm X5 Months only and be protected by an attorney for the rest of your debt repayments.
Debt Review Removal
Every consumer has the right to economic freedom and to have his or her name and record cleared where it has been adversely effected by a Judgment, Debt Review Order, Administration Order.
If Your Financial Circumstances have Improved then the Debt Review Process can be Terminated.
Rescind the Debt Review Order.
Remove Debt Review Flag on Your Credit Record.
Start the Debt Review Removal Process Today
Debt Solutions SA is here to help you understand the meaning of debt review and provide qualified debt help services.
