Process for Financial Debt Relief | 6 Easy Financial Relief Steps
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 TEL : 011 972 1011

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6 Easy Steps to apply for Financial Relief and Stress Free Finances

 

Step 1

You completed an application form by clicking on "APPLY ONLINE NOW" and provide us with the details.

* Copy of ID
* Salary Advice (If over time 3 months will be needed)
* Proof of residence (Rental contract or water & lights statement)
* All statements of accounts on your name
* If married COP will require marriage certificate with contract and same for spouse

Step 2

* We determine whether you are over-indebted by means of monthly expenses exceeding your monthly income?

Step 3

(You will immediately start to pay a single provisional reduced monthly installment in respect of all your Credit Providers which will be affordable to you via debit order. During the first 60 working days, legal action may not be taken against you in respect of the debts that are under review.)

Step 4

After receiving all the COB’s, we will restructure your payment plan and negotiate with your Credit Providers where necessary. After negotiations with your Credit Providers, your new restructured payment plan will be sent to all your Credit Providers and this payment plan will take effect.

Step 5

(Your restructured payment plan will reduce your monthly debt repayments to an affordable amount of up to 45% of original payments, leaving you with sufficient money for your living expenses.)

Step 6

We will instruct our specialist attorneys in your area to apply at court in order  to make your restructured payment plan a court order. You will not have to appear in court yourself, as your Debt Counselor will be the applicant in the matter, unless the particular magistrate requires your presence.

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