Frequently Asked Questions

Debt consolidation is taking multiple debts and consolidating them into a single loan, subject to a single interest rate with a single monthly repayment. This makes managing your debt situation significantly easier and often you can end up paying less each month than you were paying before.

Retail Store Cards & Accounts

Credit Cards

Personal Bank Loans

Bank Overdrafts

Home Loans

Incidental Credit Agreements

Vehicle Finance

Any Other Creditors (i.e. Medical)

By law, yes. If you find yourself in this situation you will most certainly struggle finding cooperation from your creditors. Although this process may be grueling, it is possible and will require your full commitment to completing the process fully.

Even when you have received a summons, Section 129 letter, or your debts have a judgment or garnishee order, we can still negotiate and make repayment arrangements with those creditors. It may be excluded from your Debt Restructuring Court Order but will be considered when planning your monthly costs. It is never too late to get good advice!

More available cash
No need to take out loans to cover necessities i.e. food.

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Stop interest and fees
We can stop interest for the life of the agreement which can save you tens of thousands of Rands.

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No more harassing phone calls
We’ll ensure that peace returns to your life by stopping the debt collector calls as fast as we can.

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Make one regular, affordable payment
By combining and reducing your credit card, store accounts and personal loan repayments, we can make your repayments much easier to manage.

Prevent legal action
Your house and car will be protected from repossession.

A Debt Agreement

A legally binding arrangement between you and your creditors to repay your debts. You agree to repay an amount to your creditors over a set period, up to 3 or 5 years. This amount is based on what you can reasonably afford to pay.

An Informal Arrangement

An agreement between you and your creditors which may include agreeing to an amount you can reasonably afford to pay, giving you more time to pay, agreeing to renegotiate the loan, settling for a lesser sum or freezing the interest for a period of time.

A Personal Insolvency Agreement

An arrangement between you and your creditors to satisfy your debts. This could consist of a contribution of your income over a period or an assignment of your assets. The arrangement must be accepted by a special resolution of creditors and is legally binding.

Bankruptcy Assistance

If you are in debt and are considering bankruptcy think before you act. Bankruptcy is a last resort and has serious consequences. You need to be fully informed. Before you make any decision or take any steps talk to us so we can explore alternative options.