Debt Review Process..
..with debt international combines the very best of international debt review standards to make it easy for you to apply for debt review. And rest assured the very best counselors and legal teams are working around the clock to provide you with the very best in debt review service
Step 1 application
Each application begins with filling in a form 16 as described in the National Credit Act , this must be accompanied by :
– A copy of your south African ID
– 3 months bank statements
– Account statements (any you can provide)
– Latest pays lip
2. Notifications
Upon receiving all you documents, we can now commence notifying all your creditors and credit bureaus that you are under debt review and no further action should be taken against you.
They will send us all your outstanding balances owed to them, so we can make all calculations as accurately as possible, so negotiations can go as smooth as possible.
Once negotiations have been reached and reduced amounts have been calculated and agreed upon your debt review process has officially started.
3. Calculating your budget
It is extremely important to us that you as our client can maintain a decent standard of living while paying off your debt. Once we have made sure you can cover all your needs we will determine how much you will be able to pay monthly on your accounts. And this amount will become your installment paid monthly on all you debts. As you can see it’s easy and you get to keep all your assets and maintain you lifestyle while paying off your debts. It’s a real win, win solution.
4.Court orders can be a good thing
A magistrate will look over the proposed payment plan and issue a court order so as to solidify the agreement. To make sure the creditors do not break this agreement. This ensures the measure of protection you will need to have confidence that you are fully protected.
5. Payments
Debt review payments will go ahead as agreed upon in your payment schedule until your debt is settled or until you are able to continue on your own as per your normal payment rates. The single monthly payment will be distributed amongst all your creditors in accordance with the judge granted court order.
6.Clearance certificate
Should you choose to continue with the debt review process to its completion with us? You will be issued with a clearance certificate. Which will be forwarded to all your creditors and credit bureaus, upon receiving your certificate they must clear your credit record? And you can now go into the world with a clear credit record.
We at Debt international are professionals in providing consumers with second chances, the last thing anyone wants is to come up short on savings later in life due to paying off debt and not having the money or losing your assets you have worked so hard to maintain up until this point. Live your best life debt free with debt international `s assured financial freedom program.
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Why Choose Us
- No more calls from creditors
- You choose your sign up process –personal or 100% online
- You will receive all your notifications
- International standards
- National infrastructure
- Dedicated and experienced Debt Counselor’s
What Client’s Say
Amazing best service ever
I signed up, and I don’t regret it
Let me say something. You have an amazing company. and you have worked hard to help me thank you.