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.
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.