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Why Choose Debt Busters?

They are one of South Africa’s most trusted debt consolidation providers, they’ve helped thousands of people regain financial stability through structured, manageable repayment plans. Here’s why so many choose Debt Busters to guide them toward a debt-free future:

• Proven Success – Debt Busters has already guided over 60,000 South Africans toward financial stability, giving them the support they need to break free from overwhelming debt.
• Significant Savings – By negotiating better repayment terms, they’ve helped clients save over R450 million in unnecessary interest and fees—money that stays where it belongs, with you.
• Lower Interest Rates – Debt Busters works to lower interest rates, making repayments more manageable and helping clients pay off debt faster.
• Protection from Reckless Lending – They’ve recovered R1.3 million for clients who were unfairly charged.
• Safeguarding Homes & Vehicles – In just the last year and half, they’ve saved 524 homes and cars from repossession.

A Trusted Partner in Debt Consolidation

• South Africa’s Most Trusted Debt Counsellor – Operating since 2007, Debt Busters has built a strong reputation.
• Committed to Clients’ Financial Futures – They believe in giving South Africans a second chance at financial freedom.
• A People-First Approach – Their team is made up of dedicated, service-oriented professionals passionate about helping clients.
• Constant Innovation – They continually improve and refine their services to offer unique and effective financial solutions.

Debt Busters FAQ

What does debt consolidation mean?

Missing deadlines for various outstanding credit cards, store accounts, and/ or personal loans, month after month; Debt consolidation solves this by merging all of these into a single, reduced monthly repayment. Debt Busters evaluate your monthly spend-to-income ratio, and propose a well structured plan going forward, often negotiating improved terms with creditors.

What are types of debt that can be consolidated?

Debt Busters bundles together unsecured debts—excl. assets like a home or a car. This specifically applies to credit cards, store accounts, personal loans, medical bills, and even overdue utility accounts.

Will a consolidation loan lower my monthly repayments?

The short answer is, yes! Debt Busters reduces your repayments by negotiating new and improved terms with creditors, like lower interest rates or longer repayment periods. Of course, the results depends on your specific situation, but rest assured experts will review your application in great detail to find the very best debt solution for you.

Is it possible to qualify for a consolidation loan if I have a low credit score?

Yes! They will focus on your current situation rather than past credit score. Debt Busters help consumers move forward with a well structured and affordable plan regardless of the current issues.

What’s the difference between debt consolidation and debt review?

Debt consolidation streamlines payments into one plan while keeping accounts active, often with renegotiated terms. Debt review, on the other hand, is a formal legal process that pauses credit use while restructuring debt under court oversight. Debt Busters advises which path best suits your situation.

Can debt consolidation hurt my credit score?

To start off with, you may notice a slight dip in your credit score—usually only temporary. Debt consolidation will help improve your score by helping you make each and every one of your payments.

How much time does debt consolidation take?

Debt Busters works quickly! Clients see a plan drafted within days of sharing their financial details. Typically takes 4–6 weeks, depending on creditor negotiations.

Are there any risks with debt consolidation?

It may seem like the best way to manage your outstanding debt, but debt consolidation might not be for you. Stretching repayment terms could result in paying more interest over time, and closing old accounts may temporarily (negatively) affect your credit rating. Debt Busters are proven financial experts, and will go over the pros and cons, making sure you understand every options before moving forward.

Do I need to place collateral to qualify?

No! Debt Busters works on unsecured consolidation solutions, you don’t have to risk your assets. They base their plans on your income and expenses.

How do I know if debt consolidation is the right option for me?

If juggling multiple payments feels overwhelming, or if interest charges are eating into progress, it’s worth a conversation. Debt Busters offers free consultations to review a client’s unique situation. They’ll ask questions like, “Are you only covering minimum payments?” or “Do bills cause constant stress?”—then help decide if consolidation is the best next step.

I've read many complaints about Debt Busters on Hello Peter?

It’s normal to feel concerned after reading mixed reviews on Hello Peter, but here’s the bigger picture; Debt Busters have been assisting consumers since 2007, they’ve helped more than 60,000 people take control of their finances, saving over R450 million in interest and fees.

No company is perfect, but Debt Busters has truly made a difference for many people, saving their homes and cars from repossession and offering them a new start. They’re proud to be South Africa’s most trusted debt counsellor and remain committed to helping those who are overwhelmed by debts.

Debt Busters Whatsapp Number

It seems that Debt Busters does not offer a WhatsApp contact number. Their primary contact methods are:

0861 365 910
info@debtbusters.co.za

Debt Busters Application

Am I Eligible for Debt Consolidation?

Multiple debts are giving you a hard time and you want a simpler, more manageable way to take back control? You may qualify with Debt Busters if:

• You’re up against the wall with multiple debts and struggling to keep up with different repayment dates and amounts.
• High interest rates are making it challenging to afford monthly payments, leaving you feeling stuck.
• You have a steady income that will allow you to follow a structured repayment plan.
• You want to lower your interest rates and make your payments more affordable.
• You need legal protection from creditors or debt collectors.

To find out if debt consolidation is the best solution for you is to get in contact with Debt Busters for a free, no-obligation financial assessment.

Requirements

• Identity Doc – Valid ID, passport, or driver’s license is needed to confirm who you are.
• Proof of Income – Recent payslips, or bank statements showing your income.
• List of Debts – Details of your existing debts, such as amounts, interest rates, and repayment terms.
• Proof of Residence – Utility bill or lease agreement (within the last 3 months) to confirm your address.

Once all of these documents are with Debt Busters, they will take a look at your application and determine whether debt consolidation is the right option for you.

Process

1. Application & Document Submission
   Once you’ve submitted your application and documents, Debt Busters will review everything, which usually takes a few days to a week. If consolidation is the right option for you, they’ll move ahead with the next steps.
2. Debt Assessment & Solution Proposal
   Debt Busters will go over your debts, figure out the best way to combine them into one payment, and potentially reduce your interest rates. This typically takes about a week.
3. Creditor Negotiation
   Debt Busters will reach out to your creditors to negotiate better terms. This could take anywhere from a few days to a couple of weeks, depending on the creditors' responses.
4. Debt Consolidation Agreement
   Once the terms are set, Debt Busters will share a repayment plan with you and take care of distributing the payments to your creditors.
5. Ongoing Repayment & Support
   After everything’s set up, you’ll make one monthly payment to Debt Busters. They’ll handle the payments to your creditors, and they’ll be there to support you through the process to make sure everything stays on track.

The complete process usually takes 4 to 6 weeks – however, depending on your unique circumstances and how quickly documents and information are provided, it could take a little longer (or shorter). Debt Busters will keep you in the loop every step of the way!