1. Consultation
Complete our online debt assessment and provide us with the details of your financial situation. This will allow us to understand your financial needs
2. Affordability Assessment
Our NCR accredited debt counsellor will do a full debt review analysis to determine your monthly income and expenditure.
3. Proposal
A proposal that suits your budget will be made to all your credit providers. Upon agreement between you, your creditors and your debt counsellor the proposal will be accepted.
4. Single Monthly Payment
We will restructure your payment plan with your credit providers. You only pay a single, reduced monthly payment through a payment distribution agent (PDA).
5. Final Step
A court order will be filed through our specialized attorneys to make your restructured payment plan a court order and protect your assets.
6. Clearance Certificate
Once you have paid off debt that is under review, we provide you with a clearance certificate. Your credit is now restored and rehabilitated.
Understanding Debt Review
Debt Review is a legal right for consumers facing financial difficulties. If you’re struggling to keep up with daily expenses and debt payments, you may qualify for the debt review process, which aims to provide structured debt relief.
The debt review process involves a detailed assessment of your finances by a registered debt counsellor, who examines your budget and monthly obligations. During this review, the counsellor evaluates if simple budget adjustments could improve your financial stability, or if you would benefit more from comprehensive debt restructuring.
Debt Review offers a supportive, legally protected way to manage debt and regain control over your finances.