DebtSafe | Debt Counselling | Consolidation Debt




HC du Plessis - NCRDC1078

◦ WELCOME TO DEBTSAFE - TURN YOUR DEBT AROUND ◦

WHAT IS DEBT COUNSELLING?


◦	Debt Counselling is a professional service created by the National Credit Act for over-indebted consumers.
◦	The process is regulated by the National Credit Act and offers the consumer protection against creditors who wants to take legal action.
◦	The purpose of debt counselling is to develop a repayment plan that: ◦ you can afford; ◦ is acceptable to your creditors;
◦	This repayment plan will enable you to pay your basic living costs.
◦	The process with your creditors is taken care off by a registered debt counsellor who will have your best interests at heart

HOW WILL DEBT COUNSELLING AFFECT ME?


◦	As soon as your creditors are notified by the debt counsellor that you have registered for debt review, they are not permitted to repossess any of your assets for a period of 60 working days (3 months)
◦	You will pay an affordable reduced instalment
◦	You will be able to afford your basic living costs
◦	The debt counselling fee is included in your monthly payments – therefore no additional fees and costs
◦	While you are under debt review, the credit bureaus will reflect “under review” and no creditor will be allowed to blacklist you
◦	While you are registered for review, you will not be allowed any further new debt apart from consolidation loans.
◦	We will negotiate your new repayment plan and make it a permanent arrangement until all your debt are repaid.
◦	You will be protected throughout the whole process

1.	NO REPOSESSION OR GARNISHES - As soon as you have signed, creditors are not permitted to repossess any assets or summons you
2.	PAY ONE REDUCED INSTALMENT - Consumer will pay an affordable reduced instalment of ± 30% to 60% of his original amount, depending on the individuals' circumstances
3.	PAY LIVING COSTS - Consumer will be able to afford his basic living costs (essential: rent, groceries, water & lights, rates & taxes, levies, telephone, clothing, transport, school fees, insurance, medical costs, etc. )
4.	NO UP-FRONT PAYMENTS - The debt counselling fee is included in the reduced monthly payments – therefore no additional fees and costs need to be paid up-front
5.	NO BLACKLISTING - While you are under debt review, the credit bureaus will reflect “under review” and no creditor will be allowed to blacklist you
6.	NO NEW DEBT - While you are registered for review, you will not be allowed any further new debt apart from consolidation loans.

THE DEBT COUNSELLING PROCESS

Step 1

You contact us and provide us with the following information:
Copy of your ID
Latest three months salary advice (or other proof of income)
Latest three months bank statements
Latest Creditor Statements

Step 2

Debtsafe will analyze your debt and finances
Debtsafe will work with you to compile the necessary documentation

Step 3

Our registered debt counsellors will analyze your level of indebtedness and prepare a presentation to your creditors

Step 4

Debtsafe will negotiate on your behalf with your creditors

Step 5

A new payment plan is implemented immediately to provide you with immediate relief.

◦	We will give you regular feedback on the progress of the process.
◦	After you have repaid your debt, we will contact the Credit Bureaus and ensure that they reflect a clear credit record. You will then qualify again for credit facilities.

WHEN ARE YOU OVER-INDEBTED?

◦

According to the National Credit Act, you are over-indebted when you are unable to pay all your debt (instalments) on time

◦

Or you foresee that you will be unable to pay your debt in the future Or after paying your debt, you do not have enough money left to pay your essential living expenses.

◦

Signs of over-indebtedness:

◦	You are receiving Section 129 notices through the mail (registered mail)
◦	You are in arrears with your instalments/some of your instalments
◦	You are threatened with legal action and/or repossession
◦	You are avoiding calls from creditors
◦	You are experiencing debt stress
◦	You do not know how you will pay your instalments the coming month-end
◦	You do not have enough money to live with after paying your debt.

System Login

FREE CALL BACK!

Personal Info:

Name:

Surname:

Tel:

E-mail:

Total Nett Income:

Total Living Costs:

Monthly Debt Instalments:

Area:

Our debt analyzers are not registered debt counsellors. They are trained to do a basic needs analysis and to compile the
necessary documentation to enable a registered debt counsellor to do the final over-indebtedness assessment in our head office.