DEBT REVIEW

WHAT IS DEBT REVIEW?
- You will have lower monthly debt instalments.
- Your assets will be safe from repossession.
- You will eventually become debt-free.
WHAT IS THE NCR AND WHAT DO THEY DO?
This is an NCR-monitored debt solution, but what is the NCR? It refers to the National Credit Regulator that is responsible for the development and upkeep of an accessible credit market. The regulator also ensures that the practices of debt counsellors, credit bureau and credit providers remain in line with the National Credit Act (NCA).
HOW DOES DEBT REVIEW WORK?
THE DEBT REVIEW PROCESS
- Contact SDA and send us your details.
- Complete a FREE debt assessment to see if you qualify.
- If you qualify, send us your application.
- Get a new budget and have your payment plan restructured.
- Begin to pay your new lower monthly instalments.
- Have your new payment plan approved by the magistrate’s court.
PROS AND CONS OF DEBT REVIEW
ADVANTAGES
DISADVANTAGES
- You might not qualify.
- Certain accounts could be excluded.
- You will be flagged at credit bureau — but not blacklisted.
- Your accounts may take longer to pay off.
- You may pay more interest in total.
- You will have to pay debt counselling fees.
- You cannot apply for any new credit or use your credit facilities.
- It is very difficult to cancel.
- Your registered sDA debt counsellor will negotiate with your credit providers on your behalf.
- Credit providers and debt collectors may no longer harass or threaten you.
- Your home, car and salary will be safe from repossession.
- Your debt will be consolidated without you needing a loan.
- You will only make one monthly repayment
- Your monthly instalments will be reduced.
- You will be able to afford your living expenses.
- You will only pay what you can afford.
- It doesn’t leave a permanent record on your credit profile.
- All of your debt counselling fees will be part of your repayment plan.
- All of your debt counselling fees will be part of your repayment plan.
WHERE CAN I FIND THE BEST DEBT REVIEW COMPANY?
You are already there! SDA has one of the largest groups of registered debt counsellors in the country. You can verify this by searching for Simunye Debt Advisory on the National Credit Regulator’s register.
IS sDA ONLY AVAILABLE IN DURBAn?
Even though SDA’s physical office is located in Durban, our services are offered throughout the country. So you can apply for this debt solution in Johannesburg, Cape Town, Bloemfontein, Kimberley, or anywhere else in South Africa.
CAN WE DO IT ONLINE?
For your safety, security and convenience, if you so wish, the whole process can happen online, via phone and email. You do not have to physically visit us, saving you time and money. To apply today, simply fill in our FREE call back form or call us on 087 33 00 403.