db Debt Counsellors is a boutique Debt Counselling company, situated in East London. Our fully qualified and extensively trained and experienced debt counsellor offers personal and tailor-made services according to your needs.
If your income is not enough to pay your debt and support your family, maybe its time to stop using credit and go for the solution that works.
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What is Debt Counselling?
Debt Counselling is a formal legal process that assists an over-indebted consumer by restructuring their credit agreements. The restructuring includes reduced installments, increased repayment terms, and even negotiate reductions in interest rates and charges in certain circumstances.
The consumer needs to use a registered Debt Counsellor to help with the process and will negotiate the actual restructuring of the debt.
The purpose of debt counselling is to assist a consumer to meet their debt repayments. By restructuring your credit agreements to amounts you can afford, you are able to get back on track with the repayment of your debt. This includes all types of credit in terms of the National Credit Act. Any arrears that you might have on your accounts is also re-calculated back into the repayment plan.
Who can offer the services of a Debt Counsellor?
A Debt Counsellor is a person who meets the minimum requirements in the National Credit Act 34 of 2005. These requirements include being a South African citizen; having a matric; having some general business or financial experience, and have successfully completed the National Credit Regulator training course.
Your Debt Counsellor is an INDIVIDUAL, not a company. We have found that many problems are caused where a consumer does not know or has never met their Debt Counsellor. This is why we will ONLY accept a new client on after they have had a face to face consultation with our Debt Counsellor.
Our Debt Counsellor
Our registered Debt Counsellor and the person that will be assisting you with your debt issues is Denver Bright. His registration number with the National Credit Regulator is NCRDC2315 and you can view his registration certificate here.
Benefits to the Client
- Your Debt Counsellor will review your finances, develop a monthly budget and negotiate with your credits
- Enables clients to make monthly debt repayments
- Relieves clients from creditors hassling for money
- Maps out the path for reducing bad debt and becoming debt-free
- Decreases summonses and judgments against clients
Who qualifies for Debt Counselling
- Any person who is employed and earning a regular income is entitled to go under Debt Counselling
- Only a person who is over-indebted can go under Debt Counselling (we check this for you)
Debt Counselling is a rehabilitation process that helps you settle your debt and get you back into the credit market.
When you settle your debt, we give you a Clearance Certificate and also send it through to the credit bureaus. This certificate clears your credit record and allows you to take on affordable credit, in a responsible manner.