How Debt Breakers can rescue you from your monthly debt repayments.
If you cannot afford your current monthly debt repayments you cannot be forced to pay it.
When you are registered for debt review no creditor may blacklist you
No Creditor is allowed to reposses your home, car or assets when you are under debt review.
You are protected by the National Credit Act once placed under debt review
Debt Breakers will ensure that you become debt free without borrowing again.
Worrying about debt will be a thing of the past.
Contact Debt Breakers
Give your payslip, your ID document and all your monthly repayments to the debt counsellor. You'll also need to provide a monthly budget of other expense, such as food and petrol.
Our debt counsellors will work out if you are over-indebted (if your payments are simply unaffordable on your current income).
Our debt counsellors will crunch the numbers with you and work out how much you need to live on and what is available to repay debts. A provisional repayment plan will then be calculated for you.
Once you have accepted the provisional repayment plan. Our Debt Counsellor will contact your credit providers informing them of your application and retrieve the exact balances, interest and addition information from them.
New agreements will then be reached between our Debt Counsellor and your credit providers on your behalf. The final repayment plan will then be submitted to our Payment Distribution Agency.
My wife was retrenched and we were left with only one income in our household which led to our bond falling into arrears. We were at the point of losing our home. The consultant was extremely helpful, professional and compassionate during the whole process. My Bond and all my assets are now safeguarded against repossession, Debt Breakers have truly moved mountains for us.
Soliswa Bongani, Soweto
High living costs led to me not being able to meet my monthly debt repayments; I started defaulting on my debt installments and I turned to pay-day loans to survive. I decided to make a change, so, I contacted Debt Breakers. Since Debt Breakers restructured my accounts, I experienced something I haven’t had in a while, financial relief! My accounts are up to date, I am not getting threatening calls from creditors and I am saving thousands in interest.
George Ferris, Cape Town
Being a single mom is something I was not prepared for; my debt repayments were equal to my salary. After my debit orders went off, I did not have enough funds to cover any of my living expenses. I was referred to Debt Breakers by a friend –They were AND still are great. I am now able to focus on my children and living life to the fullest.
Melissa Van Vuuren, Gauteng
When I contacted Debt Breakers my finances were a mess, most of my accounts were in arrears and trying to make more debt to pay off the existing debt proved to be a disaster. Debt Breakers calculated a repayment plan for me that ensured no monthly debt instalment shortfalls and enough funds available to live without worrying to borrow money every month.It is now 4 years later and I received my clearance certificate from Debt Breakers, I recently financed a brand-new car, I am so proud of the journey I committed to with Debt Breakers – Thank you!
Shardha Moodley, Durban
Frequently Asked Questions
The answer is undoubtedly that debt review is a very good thing for over-indebted consumers. In the long run, this is actually a very good thing, as it prevents you from racking up more debt and helps you become debt free.
To qualify for debt counselling, you need to be over-indebted – that is, you are unable to meet all your financial obligations in a timely manner.
If, before you applied for debt counselling, you were in default and a credit provider began legal proceedings against you, that debt can be excluded from debt review. This underlines the importance of applying for debt counselling before it is too late.
In duplum, in our common law, limits the interest that a creditor may charge on an account in arrears. The common law rule holds that interest stops accumulating once the unpaid interest equals the outstanding debt.
You will experience the relief that Debt Review offers immediately. We will work out an affordable provisional repayment plan for you within the first 5 days.
No, while you are under Debt Review, your Credit Providers cannot “blacklist” you. However, if the “blacklisting” takes place before you apply for Debt Review, it will reflect on your credit record
You can still contact us. There might be other means of assisting you. The sooner you contact us, the better our chances are of finding a workable solution for you.