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12 Pickle Street

Strand 7140

+27(0)860 995 246

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Mon - Sat 8.00 - 17.00

Sunday Closed

Debt Counselling

This is a debt relief measure provided for in the National Credit Act. The process is designed to assist those who are struggling to manage their debt situation by providing budgetary advice and negotiating with their respective credit providers for reduced installments and interest rates.

As a consumer you are given the financial power whilst allowing you to have a five year plan to settle and pay off all your debts. DebtHub has partnered with Debt Management companies whose processes allows struggling consumers to meet their end needs by adhering to a well-structured family budget.

Why is Debt Counselling best for me?
  • Credit providers will not be able to take legal action against you
  • Allows you to take control of your finances and redirect your financial path to financial freedom.
  • You will pay one affordable monthly instalment
  • There is an opportunity for free financial education on how best to manage your personal finances by an expert financial consultant.
  • Creditors will not continue harassing you, which allows you a piece of mind.
  • It is the quickest way to a clear and clean credit record as opposed to sequestration and administration.
  • You will not be under administration, foreclosure or having a garnish order attached on your payslip

Who can apply for debt counseling?

Any consumer who is struggling to meet his or her monthly debt obligations but have a distributable income which will be used to offer reduced payment to their credit providers. A qualified financial consultant who is registered with the National Credit Regulator (NCR) will complete the assessment to determine your over-indebtedness before sending an instruction to all credit providers.

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