If you are struggling to keep up with your debt repayments, and your credit providers are calling you to find out when you will be making payment on your account, debt counselling may be your best option.
This debt relief plan was introduced by the National Credit Act to assist over-indebted South Africans. If you have missed a few payments, or if you are worried that your credit providers might take legal action against you, by repossessing your car or home, keep in mind that debt counselling was designed for South Africans like you.
Immediately. Once you sign up for the debt review process with National Debt Advisors (NDA), you will feel the weight of your debt get lighter and lighter. No more will you have to worry about your credit providers hassling you and threatening you with legal action. You will no longer have to worry about where your instalment will come from because we will draw up a plan that is suitable to your personal needs and is suitable enough for your creditors.
Yes, that’s what National Debt Advisors (NDA) is here for! We will negotiate with your credit providers on your behalf, to make sure that they fully understand your circumstances, and reduce your monthly instalments and interest rates accordingly. We will make sure that you have enough money to cover all of your debt repayments, and ensure that there is money left for your monthly living expenses.
No. Debt review protects you and your assets from legal action by your creditors. This means that they will not be able to repossess your car or home while you are under debt review. If your creditors have already issued you with a Section 129 letter, you will have 10 working days to seek assistance from a debt counsellor, who will then attempt to save what your creditors are attempting to repossess. For this very reason, it is important to start seeking assistance from a debt counsellor before Section 129 letter is issued to you.
At National Debt Advisors (NDA), we know that if you are considering debt review, you are ready to take charge of your finances. For this very reason, we stick to the fees as stipulated by the National Credit Regulator. Your monthly instalment is unique to your circumstances and will be explained to you in your FREE debt assessment.
After submitting your details on the contact form, a debt consultant will give you a call to establish your expenses and income. If you spend more than you make, this means you are over-indebted and qualify for debt review.
We will inform your credit providers and the credit bureaus that you are undergoing debt review. Your credit providers will not be able to take legal action against you.
Your debt counsellor will draw up a debt repayment plan that is suitable to your needs. This new, restructured plan will then be negotiated with your credit providers to reduce your interest rates. Our attorneys will apply to the Magistrates Court to declare your debt repayment plan a court order, which means that it is legally binding. Your debt counsellor will apply on your behalf, which means that you won’t have to appear in court. The only thing you will have to do is stick to your new repayments, and you are well on your way to becoming debt free!
Your debt counsellor will work out a renegotiated financial plan with your credit providers to reduce your repayments and interest rates.
This new plan will allow you to cover the costs of your daily needs, as well as your monthly debt repayments.
Your possessions, like your car and house, will be protected from repossession, and credit providers will not be able to take legal action against you.
“Life before debt counselling was an absolute nightmare. I mean you find yourself in a place you don’t want to be. Thanks to NDA, my life is so much better now.”Mr Esterhuysen
“I really appreciate everything you have done for me and my children. Today my life is better, I have hope and not in tears anymore.”Mr Nhlanhla