Debt Counselling Services

What is Debt Counselling?

Debt Counselling is a formal debt solution introduced by the National Credit Act in 2007 and has been proven to be the easiest and cheapest way to becoming Debt Free whilst still ensuring that you have enough money to survive day to day.

How does it work?

We review all you current credit commitments (Loans, bonds, H.P. agreements, Credit/Store Cards etc.) and consolidate them into one affordable payment by negotiating new terms, interest rates with your credit providers thereby reducing your monthly payments to terms that are acceptable to your credit providers whilst ensuring you have enough funds to maintain your basic needs and expenses.

Debt Therapy has Mandates with over 90% of the Credit providers to engage with negotiations on behalf of our clients and in some cases can reduce interest rates down to Zero % where necessary provided that they receive a reasonable repayment period.

What are the advantages of Debt Counselling?

  • Full Legal protection from your Credit Provider’s.
  • Lower your monthly repayments.
  • Aim to get you Debt Free in the fastest possible way.
  • Have specialist available to you at all times.
  • More Cash in your pocket.
  • Educate and protect clients rights from credit providers and ensuring our clients know their rights.
  • Enable our clients to re-enter the credit market.

Debt Consolidation Services

What is Debt Consolidation?

There are 2 types of Debt Consolidation

1. Debt Consolidation Without a Loan

If you are struggling to pay your debt, you are blacklisted and you have tried getting consolidation loans but have been declined, this is for you.

2. Debt Consolidation Loans

If you have a good credit record and you are not blacklisted, this could be a good option – consolidating smaller, more expensive, loans and credits into one more affordable loan.

How does it work?

The theory behind a consolidation loan is all well and good as long as it is a permanent solution. However, statistically this is only a short term solution as you are more likely to re-use credit that has now become available to you (credit cards, store cards etc.). The cycle tends to repeat itself until such time that you can no longer consolidate any further and fall into a debt trap that you can no longer control.
If you are serious and want to live DEBT FREE then speak to one of our trained consultants that will help guide you and show you a way in doing just that and the fastest possible way still ensuring that you can live day to day without the stress of wondering how to put food on the table.
Talk to us to to see if a debt consolidation without a loan is your best option.

Get help with your debts.

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