Debt Rescue has enabled thousands of South Africans to pay off their debts by assisting them with debt review.
debt rescue
How does debt rescue work?
The Debt Rescue Plan
The National Credit Act formally introduced Debt Counselling to assist over-indebted consumers like yourself by developing a repayment plan, which is affordable to you as well as acceptable to all your Credit Providers.
How long does debt rescue last?
Typically, it takes 36 – 60 months to complete the process, be declared debt-free, and get your clearance certificate. If you’re committed or start with a lower total sum of debt, then you’ll be able to finish much faster than this.
What are the 3 main debt solutions in South Africa?
Debt review, administration and sequestration are all solutions targeted at solving the debt problems South African consumers currently face.
Is debt counselling good or bad?
There are several pros to choosing debt counselling, such as: Your assets are secured, and legal action is prevented: Debt counselling is the process that determines whether you qualify for debt review or not. During this period, credit providers are unable to pursue any legal action against you.
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