Debt consolidation is the process whereby we consolidate all your debt owed to multiple credit providers into a single debt repayment at reduced interest rates. Instead of paying multiple credit providers, you now only have to make one reduced monthly repayment for all your debt. As part of our free debt assessment, we will work with you so that you pay only the minimum amount required by your credit providers, thereby reducing your monthly debt obligations and freeing up cash to maintain your quality of life.

As one of South Africa’s leading debt consolidation companies, we have a lot of experience dealing with credit providers. Our debt consolidation consultants in Cape Town have frequently negotiated debt restructuring proposals with all the major credit providers. Your debt consolidation consultant will propose a restructured debt plan that is affordable to you and acceptable based on your financial position. We will then refer your proposed debt plan to our nominated attorneys, who will obtain a court order in a magistrate’s court to enforce your restructuring debt plan on your credit providers. This court order is obtained as per the National Credit Act and protects your assets while you are in the process of consolidating your debts.

No, you will never have to attend any court proceedings while seeking debt review services. Our nominated attorneys will obtain the court order for you, and the legal fees relating to the court order are included in your reduced monthly debt repayment amount.

If you decide to apply for debt consolidation in Cape Town, we will contact all your credit providers to inform them of your new credit status. If any of your credit providers or even their debt collectors contact you, you can simply refer them to your debt consolidation consultant. They are not allowed to threaten or make any demands from you. We will handle all contact from your credit providers for the entire time that your debts are being consolidated.

Are you struggling to repay your debt? Have you fallen behind on your scheduled debt repayments, or are you at risk of falling behind in the immediate future? These are signs that, in all likelihood, you are over-indebted. Once a credit provider commences legal action, there is a risk that the particular debt cannot be included in your debt consolidation plan. Why stress & lose sleep any longer? Request a callback, and our debt consolidation team in Cape Town can start completing your free debt assessment today!

You need a monthly income in order for us to propose a reduced debt repayment plan to your credit providers. Therefore, you will not qualify for debt consolidation if you are currently unemployed. We suggest that you find a new job and then contact us for assistance with your debt if you are still over-indebted.

The extent to which we can reduce your monthly debt repayment amounts depends on your type of debt. No one can reduce the interest rates on property bonds and vehicle finance to the extent that it would result in a 60% reduction in the debt repayment amount. On unsecured loans, however, it is possible. If your debt consists of only unsecured loans, we can do the same for you. However, if you also have a bond or vehicle finance, no one will be able to reduce your debt repayments by more than 60%. Do not trust any company claiming to be able to do so.

You will need to submit a joint debt consolidation application with your spouse. We cannot process a single application if you are married in community of property, and both of you will need to enter the debt consolidation process.