faqs
Most Popular Questions
Should you need quick answers to mostly debt restructuring questions. Below are some quick answers to some of the questions.
How do I know I need Debt Review?
If after your living expenses from your net salary, you have less money left over than that of your installments on your debt then you may apply for Debt Review.
How do you determine my new monthly installment?
We consider your monthly income as well as your living expenses. A recommendation is then made on the amount you can reasonably afford each month.
Which debts are covered under Debt Review?
We can include; Home Loans, Vehicle Finance, Credit Cards, Store accounts, Personal loans, Overdrafts and Micro-loans.
We do not cover Doctors fees, Insurance Premiums, School fees etc.
Can I apply for Debt Review whilst I am unemployed?
No, an income is required to be qualified. You need a monthly income in order for us to propose a reduced debt repayment plan to your Credit Providers.
When is my first payment due?
You may choose any date which is suitable for you within 30 days of enrolment in the process.
Will I still be able to rent a property whilst under Debt Review?
The debt review process as such is not classified as a credit agreement and you will therefore able to rent a property. In fact, we will make provision for your rent expenditure in your debt restructuring budget and can provide the agent or lessor with a letter that confirms that you are in a position to pay your monthly rental.
Talk to us about becoming debt free!
Clearance Certificate: Clear credit record once the Debt Review process is completed.