Debt Guides

If you’re in a struggle to keep up with your monthly financial obligations, debt review might be the solution to your problem.

Finding the help you need to ultimately become debt-free starts with acquiring the services of a trustworthy and reputable company. For this, Debt Guides could help you take back control of your finances.

The accomplishments of Debt Guides

Assisting South Africans to become debt-free is a passion for Debt Guides. They’re committed to helping you with better money management skills by sticking with you till the end.

To date, they’ve assisted more than 15,000 customers and saved them more than R2 million combined. With more than 250 customer reviews, you can rest assured that they can help you overcome your financial burdens.

What is debt review?

Debt review is a process that was brought about by the National Credit Regulator. With more and more South Africans unable to meet their financial obligations, the NCR decided to offer a lifeline in the form of debt review.

The process involves acquiring the services of a debt counsellor who’ll look at your current financial situation and review your various monthly instalments into a single monthly payment.

Taking into consideration your living expenses, your debt counsellor negotiates with your creditors on your behalf for a lower monthly payment and less interest.

When to file for debt review

When you feel that you’re struggling to keep up with your monthly financial obligations, you could qualify for debt review.

Contact the debt review company of your choice and make an appointment. A debt counsellor will assess your financial situation to establish whether you qualify or not. If you do qualify, you can start with the process.

At Debt Guides, it’s all about you. They entered the industry to offer you a legal and reliable method to take back control of your finances. They care about your financial well-being and are committed to giving you back your financial freedom.

What to expect from Debt Guides

Apart from dedicated customer service, you can expect to find the help you need to repay your debt responsibly and regain a good credit record. Your registered Debt Guides counsellor will sit with you and do a thorough assessment of your finances.

Once it’s established that you qualify for debt review, a restructuring of your debt is done. This involves working out a plan to pay off your debt in a combined monthly instalment until all your debt is settled.

What makes debt review popular?

Debt review has gained popularity over the past years as there’s been a steady rise in the number of South Africans struggling with debt.

Other than the reason mentioned, the debt review process prevents your creditors from taking any legal action against you in the future. You get to take back control and protect your assets from repossession.

What happens when my debt is settled?

When you reach the point where all of your debt is paid in full, your debt counsellor will issue you with a certificate stating that your debt is paid off.

You can use this certificate to clear your credit record and remove the flag for debt review from your name. Once your name is cleared on the credit bureau, your credit score is set back to zero and you start with a clean slate.

Other services offered by Debt Guides

Apart from debt review, Debt Guides also offer a credit monitoring service. This service enables you to check your credit report, see what your current credit score is and track your monthly payments at any time you like for free.