Who Can Apply for Debt Review?
- Are struggling to pay your monthly debt
- Have fallen behind on repayments
- Receive collection calls from creditors
- Want to avoid legal action where possible
- Need a more affordable repayment plan
- Want professional assistance managing your debt
Required Documents
- South African ID (copy)
- Latest payslip or proof of income (3 months)
- Three months' bank statements
- Proof of residence (where required)
- Details of your monthly expenses
Frequently Asked Questions
- Will my monthly installments be reduced? If you qualify for Debt Review, your Debt Counsellor will negotiate affordable repayments based on your financial circumstances.
- Can creditors still contact me? Once your application has been processed, communication regarding your accounts is generally handled through the Debt Review process.
- Can I apply if I am already behind on my payments? Yes. Debt Review is specifically designed to assist consumers who are experiencing financial difficulty.
- How long does Debt Review last? The duration depends on your outstanding debt and repayment plan. Your Debt Counsellor will explain your estimated repayment period.
Why Choose FDR Consulting?
- Professional and confidential service
- Affordable repayment solutions
- Assistance from experienced debt review specialists
- Protection from legal action where applicable
- Personal support throughout your debt review journey
- Honest advice tailored to your financial situation
Understanding Debt Review
- Debt Review is a legal debt relief process introduced by the National Credit Act
- It assists consumers who can no longer afford their monthly debt repayments
- A registered Debt Counsellor assesses your financial situation and negotiates reduced monthly repayments
- A revised repayment plan is then submitted through the appropriate legal process
