Finding Professional Debt Help
The cautionary tale of an over-indebted South African . . .
What is debt review?
Debt review is a debt management program that reworks your debt repayments into an affordable, consolidated repayment plan – in short, it gets you out of debt safely.
Debt Review Benefits
These are just some of the benefits you’ll receive when signing up for DebtSafe’s debt review program.
Debt Mediation is a voluntary process (for both creditor and debtor) whereby you restructure your expenses in such a way that you are able to meet your obligations. It’s not backed by law though, and hence it relies purely on the goodwill and commitment of both the creditor and the debtor.
If you know that your debt is about to spiral out of control, and no legal action has been taken against you as yet, you could consider debt mediation. It’s very much relevant for anyone who wants to take a proactive approach to managing his or her mounting debt. Just make sure that you choose a professional debt mediation agency that has leverage amongst your creditors – because unlike with debt review agencies, banks etc. are under no legal obligation to accommodate restructuring requests from debt mediators.