Feeling overwhelmed by your debt? You’re not alone. Turn the page with SA’s leading debt review and counselling company.
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Pay a single monthly instalment instead of multiple loans, or an expensive consolidation loan.
We renegotiate your interest rates with your creditors, regardless of your credit score.
Pay a reduced monthly amount that you can afford.
Protect your house, car, and other assets from repossession by your creditors.
Stop collection calls from credit providers and attorneys demanding payment.
You can make extra payments at any time to settle your total debt faster.
We coach you to understand and change the habits that put you at risk.
You cannot borrow new credit while on debt review, and at the end of the process you start with a blank slate.
The debt review consultation over the phone takes 15-30 minutes. First, your NCR-registered debt counsellor will ask some basic information to get to know you better. Next, you and your debt counsellor will review your financial situation and your credit report, which your counsellor will pull for you on the call. Your debt counsellor will discuss options available to you based on your income, expenses, and your debt. They’ll help you figure out what you’re able to pay comfortably towards your debt every month, taking into account your household budget. Next, your debt counsellor will suggest a new debt management plan. You will leave the session with an actionable plan to conquer your debt and a sigh of relief!
Questions your debt counsellor will ask:
What you need:
Your debt counsellor will send your new debt management plan to your creditors. They will help you to officially place yourself under debt review through a court order. They will then negotiate discounted debt settlement, lower interest rates, and debt restructuring that allows you to make one single payment. Once you start debt review, you are legally protected. Late payment fees are removed and you will stop receiving collection calls. You will not be able to take out new credit while on debt review.
What you need:
Your interest rates will be lowered, your debts will be consolidated into one smaller monthly payment, and you’ll pay off your debt faster than without debt review.
What you need:
Your debt counsellor will be with you every step of the way. To start, in addition to creating a new debt repayment plan for you and negotiating with your credit providers on your behalf, they’ll approach the court on your behalf and load your new repayment plan onto the Payment Distribution Agent (PDA) system. Then, you can expect your debt counsellor to:
Once you have settled all outstanding debt, your debt counsellor will issue a debt review clearance certificate, or Form 19. This is a legal document that verifies that you have fulfilled all obligations under every credit agreement included in a debt review court order or a debt review repayment agreement. The completion of the debt review signifies that your creditworthiness is restored. Debt review will be removed from your credit profile, and the successful completion of debt review will positively influence your credit score over time.
Find out more about debt review removal.
After completing the process, your record is clear and you are better equipped to deal with debt. What will you do with that financial freedom?
This is an NCR-regulated solution for consumers struggling with debt. A registered debt counsellor reviews your debt, renegotiates your interest rates, and rearranges payments. This frees up cash so you can meet your household living expenses.
You can replace multiple smaller loans with one large loan, so you only owe money to one lender. The most well-known way to do this is by taking a consolidation loan, but Debt Sage offers a better option.
When lenders don’t do their due diligence and help you understand what you’re getting yourself into, they put you at risk. If you suspect you are a victim of reckless lending, Debt Sage can assess all of your credit agreements and help you take action.
How healthy are your finances? Answer a few questions, and our new tool will show you what you need to keep an eye on.
Debt Sage is South Africa’s most reliable and transparent debt review company. As a debt management company, we are helping our clients take back control of their finances and quality of life by applying for debt review. Debt review is also known as debt counselling. Debt review provides a financial lifeline for many struggling to both pay for their debt as well as make ends meet. Debt review is a game-changer for those seeking financial stability and a path to debt-free living. Debt Sage is helping over-indebted consumers in South Africa to escape their debt burdens and gain financial independence mainly by applying for debt review. Our clients are being empowered to live debt-free, create wealth, and retire with dignity. Below we explore some of the benefits of debt review and how it is a powerful tool for individuals facing overwhelming debt.