DEBT MANAGEMENT

DEBT MANAGEMENT

WHAT IS DEBT MANAGEMENT?

Simunye Debt Advisory provides debt management services to South Africans who are experiencing difficulties in meeting their monthly debt obligations. Our accredited debt advisers will assist you in developing an affordable and realistic monthly budget, formulate a debt management plan, and communicate with your creditors on your behalf.

Our debt management plan guarantees that all the funds you contribute are allocated towards repaying your debts, allowing you to do so at a manageable rate. You make a single monthly payment to the Payments Distribution Agency, which then disburses the funds to your creditors on your behalf.

HOW DO YOU KNOW WHEN TO APPLY FOR DEBT MANAGEMENT?

Individuals who allow their debts to accumulate before seeking assistance often discover that:

Which types of debts can be repaid through a debt management plan?

A debt management plan can exclusively be employed to repay the following categories of debts:

Which types of debts cannot be repaid through a debt management plan?

A debt management plan cannot be utilized to repay the following types of debts:

What are THE BENEFITS OF DEBT MANAGEMENT

There are several advantages to debt management, and consulting with our debt advisers before deciding to implement a debt management plan. These benefits include:

CHOOSING YOUR DEBT MANAGEMENT PLAN CONSULTANT

When choosing a debt management plan consultant, you should make sure that:

REVIEW AND UNDERSTAND THE TERMS OF YOUR DEBT MANAGEMENT PLAN

Prior to initiating a debt management plan, the operator should clearly explain the terms and conditions, including:

There are advantages to consulting with our debt advisers before deciding to implement a debt management plan. These benefits include providing advice on more effective money management strategies and suggesting debt resolution methods that you may not be aware of.

    Take back control of your finances?

    Let us call you back.








    Scroll to top