Debt Review in Cape Town and Nationally
Debt-911 offers legal, instant debt relief to over-indebted consumers in Cape Town, Johannesburg, Durban, Pretoria and nationally.
Will my debt continue to escalate whilst I am under debt review?
Implemented in 2007 to regulate unethical lending practices with the view to protecting over-indebted consumers, Debt review or debt counselling as it is sometimes also called is regulated by the National Credit Regulator (NCR)
When the new credit act was first promulgated, consumers were allowed to apply for and secure additional credit, however, with time regulators realised that the only meaningful way to ensure that over indebted consumers could become debt free was to eliminate the ability for a consumer to take on additional debt whist under debt review.
Debt-911’s team of expert debt counsellors endeavour’s to restructure clients debt efficiently and ethically. We under promise and over deliver. With extensive consultation with our clients and their lenders, Debt-911 will prepare a comprehensive debt repayment plan with a high probability of being approved by most lenders. Once a detailed payment plan has been agreed to by all parties, there should be no further escalation of one’s debt burden. Debt-911 is sometimes able to dramatically reduce interest rates on unsecured debt, sometimes as low as zero percent, in so doing Debt-911 is able to liberate many over indebted consumers within 36-54 months. Once a credit provider or lender has agreed to a debt repayment plan, they immediately amend their interest calculations effectively halting the consumer’s debt spiral.
It is important that once the revised credit repayment plan has been accepted, that consumers diligently abide by the new repayment agreement. Failing to do so will open consumers up to legal action by lenders.
Do You Need To Explore Your Debt Counselling Options?
Debt-911 will guide and assist clients through each step in the process including representation in court if required.
If you find yourself thinking about how you are going to meet your monthly repayments, simply call us, SMS Help to 40935 or fill out the form alongside and one of our trained debt counsellors will call you to assess your personal situation and give you free advice.