As one of the largest and most reputable Debt Counselling companies in South Africa since 2008, Debt Rescue has assisted thousands of South Africans.
In this blog, we’ve made it simple for you to explore the information that matters most to you. You can choose from various sections that focus on your specific needs and questions. Whether you’re curious about who we are, how Debt Rescue can help, or what the debt counselling process involves, it’s all right here for you.
Each part is designed to provide you with clear, valuable information, so feel free to pick the topics that matter to you and get the answers you’re looking for!
Table of Contents
Who We Are
Since our inception in 2008, consumers are now able to successfully pay off their debt in an affordable manner without losing their assets. Debt Rescue’s impeccable reputation and track record speaks for itself. We continuously provide our clients with the best possible debt assistance and trusted service.
We have a multicultural team, who can engage with consumers in their preferred language, thus making the process, and comprehension thereof, a lot easier. Consumers do not always have the luxury of time in this fast-paced era, and we are there to assist them in making their life and the process easier, in a way that is more convenient to them.
Debt Rescue currently has over 100 dedicated staff members, who are passionate about their work and helping our customers. The diverse background of the team allows for us to assist almost any consumer who approaches us for help. The team’s background includes other registered Debt Counsellors, legal eagles, ex-bankers, accountants, IT specialists and service-oriented staff members who will go out of their way to find solutions for our customers.
What Sets Us Apart
What truly sets us apart is our commitment to finding the individual solutions for each of our clients. We know that no two financial situations are the same, which is why our team works tirelessly to provide personalised assistance to every client. Over the years, we’ve built strong relationships with credit providers, allowing us to negotiate the best possible outcomes for you. Our main goal is to help you get back on your feet without losing the assets that matter most to you.
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How Debt Rescue Can Help You
The reality is that many South Africans are in over their heads when it comes to debt. According to the National Credit Regulator (NCR), nearly half of all credit-active consumers are over-indebted.
If you’re:
- Struggling to pay your credit providers
- Over-indebted
- Stressed
- Scared of losing your home of car
There is help available. Debt Rescue can guide you toward a debt-free future.
Find out more about The Debt Rescue Plan
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A Debt Counselling Process You Can Trust
When you approach Debt Rescue for help, we do a comprehensive assessment regarding your income, living expenses and debt obligations. Based on what you can afford, we design a personalised repayment plan.
We will inform your Credit Providers that you are under Debt Review and in terms of the National Credit Act they will not be able to take legal action against you for the next 60 business days. In order to provide you with further protection against your Credit Providers your repayment plan will be made an order of court. But, do not fear you will not have to attend court for this to happen.
Once your plan is approved, you’ll only need to make one monthly payment through a registered Payment Distribution Agency, which will handle distributing the funds to your creditors.
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What About Fees?
Fees associated with Debt Counsellor services are regulated by the NCR and are included in your repayment plan. This means you’ll only have to make one affordable monthly payment, which will cover both your debts and certain fees. Our team also provides ongoing aftercare, monitoring your payments and ensuring everything runs smoothly.
Included Fees:
- A single application fee of R350 (VAT excluded) is payable upfront.
- The restructuring fee, which is a one-time payment equivalent to your first month’s instalment, is capped at R8000 (VAT excluded) for individual applications.
- R9000 (VAT excluded) for joint applications.
- An ongoing monthly aftercare fee of 5% of your Debt Review payment will apply, with a maximum charge of R450 (VAT excluded).
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Are Your Debt Payments Becoming Unmanageable?
If your monthly debt payments are becoming more than you can afford, or if you’re constantly worried about covering your expenses, we can help you. Debt Rescue’s expert counsellors can help you restructure your debt so that your payments become manageable and affordable.
Benefits of Debt Restructuring:
- Single, consolidated payment
- Protection from legal action by creditors
- Relief from financial stress
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Is Your Debt Hard to Keep Track Of?
Managing multiple accounts, bills, and creditors is definitely not easy. The stress of trying to keep track of every payment can quickly become overwhelming.
With Debt Rescue, you don’t have to worry about missing payments anymore. We take over the communication with your creditors, negotiate reduced monthly payments, and combine everything into one simple, manageable payment. This allows you to focus on living your life while making steady progress toward clearing your debt.
Advantages of Consolidated Payments:
- One monthly payment
- No more paying multiple creditors
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What Do You Need to Qualify?
We’ll work with you to understand your financial situation and design a repayment plan that’s based on what you can realistically afford.
Requirements for Debt Review:
- Stable monthly income
- Over-indebted
- South African citizen
- Valid Bank Account
Our priority is that your essential living expenses are covered while you begin paying off your debt.
Find out if you qualify for Debt Counselling
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Breaking the Cycle of Debt
Debt Rescue is not just about reducing your monthly payments; we are here to help you break the cycle of debt. Once you enter the debt review process, you won’t be able to take on any new credit until your current obligations are settled through reduced instalments. This ensures that you’re making real progress without risking further financial trouble.
Key Benefits of Debt Review:
- No new credit applications allowed while under review
- Structured repayment plan
- Protection from accumulating more debt
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Take the First Step Toward Financial Relief
Don’t wait until your financial situation becomes unmanageable. The sooner you reach out to us, the sooner we can protect you from legal action and give you the financial relief you need.
If you’re feeling overwhelmed by debt, know that we’re here to help you every step of the way.
Contact us Today for your Free Debt Assessment
