DROWNING IN DEBT?
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Trusted Debt Counselling Company

Why Resolution Debt

  • Debt Restructuring
  • Small Business (Sole Proprietors)
  • Relieving Strain on Monthly Budgets
  • Budget Coaching
  • Operated by Professionals
  • Confidentiality Guaranteed
  • Extremely Easy Process
More about us

Contact One of Our Friendly Consultants

Contact us on Whatsapp at 082 812 5442 or Email us at info@resolutiondebt.co.za

Do you have a question about Debt Review?

Browse through our frequently asked questions to learn more about Debt Review and how it works.

What is Debt Counselling?

Debt counselling is one of the debt relief measures available in South Africa, introduced by the National Credit Act (NCA) in 2007. Debt counselling is intended to assist over-indebted consumers struggling with debt through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.

This is a great process for anyone with an income and struggling to meet their monthly obligations.

How does Debt counselling work?

Once declared over indebted and accepted into debt counselling the following will happen:

• You will be protected from legal action for a period of 60 days from the day of application and after the arrangement has been concluded, as long as you pay according to the new arrangement;

• All your creditors will have to stop calling you and will liaise with your debt counselor;

• You will be listed with the Credit Bureau as being under debt counselling.

How do you know if they are registered Debt counsellors?

Debt counselling is one of the debt relief measures available in South Africa, introduced by the National Credit Act (NCA) in 2007. Debt counselling is intended to assist over-indebted consumers struggling with debt through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.

This is a great process for anyone with an income and struggling to meet their monthly obligations.

Who is responsible for payment distributions to credit providers?

Once accepted under debt counselling you will pay one installment which will then be distributed to your credit providers by a Payment Distribution Agent (PDA). The PDA is also responsible for the provision of monthly statements to consumers and payment schedules to debt counsellors, employers and credit providers, as well as attending to queries from the respective parties.

What Does a Debt Counsellor do for You?

Your debt counsellor will work out how much of your income should be set aside for basic living expenses, and what you can afford to pay towards your debts each month. Then they will draw up a new, more affordable repayment plan for you.

Next, they will negotiate with your creditors to extend the amount of time you have to repay your debts and to have your payments reduced, so you can realistically afford them.

If all of your creditors agree to the repayment proposal, your debt counsellor will then get a consent order from the magistrate’s court or National Consumer Tribunal (NCT).

All of NDA’s professional debt counsellors are highly qualified and registered with the National Credit Regulator (NCR). So you can rest assured that you will be receiving the best service possible.

THE RESOLUTION DEBT PLAN

DEBT REVIEW | DEBT COUNSELLING

We will help you establish a restructured budget to ensure that your creditors are all attended to. We give expert assessments and advice on how to improve your financial profile. We partner with reputable law firms to attend court proceedings on your behalf.