Debt Review Period
Debt review, commonly called debt counselling, helps individuals and couples manage their money. Many South Africans are curious about the debt review period and its effects. Getting out of debt takes time.
Buildup of debt.
Remember, you didn't wake up with debt? We know it seems that way, but it takes time. The process was gradual. Thus, debt review is not a quick fix. However, it is a process. Naturally, debt-free takes time.
How is the Debt Review period set?
The length depends on many things. The overall debt and your ability to repay it are crucial concerns.
In an ideal world...
Debt review takes 3-5 years. The client will obtain a clearance and debt-free certificate. However, given interest rate increases, job losses, and COVID-19's economic upheavals, it's rarely only 3–5 years.
What options do I have if the debt review process is too long?
South Africa offers numerous debt relief options. Find a company that provides debt relief options, not just debt review. Company Cure Debt is one. With expertise in various South African debt relief alternatives, we can offer the finest advise for your financial position.
How does a single-solution debt reduction provider affect me?
Like any business, they lose money without clients. Except for debt analysis, the expert cannot offer any other debt relief solutions. They will do anything to sign the client.
Thus, they are not serving the inquirer. If the debt is too big and the income too low to pay it in 3–5 years and the debt review period is longer than that, you should investigate alternate debt relief options.
With a Debt Solutions expert, what happens?
SA law debt relief specialists are individuals or companies that specialise in debt relief options. They offer all debt relief options under South African law. Including each process's pros and downsides. You can make an informed financial decision and become debt-free sooner by having access to all debt relief solutions in one place.
How do I know my debt counsellor is qualified?
National Credit Regulator-certified debt counsellors must act ethically with clients. You can find the person or company on the NCR database if they are registered.
When Can I Get a Debt Review Clearance Certificate?
Individuals take different amounts of time to get a debt review clearance certificate. Your counsellor will issue your clearing certificate after you pay off your debt. Debt Review periods differ, so a timeline is unavailable.
The National Credit Act addresses clearing certificates.
Your debt review clearance certificate must be issued within seven days of your latest debt payment under the
National Credit Act of 2014.
WHY SHOULD YOU TRUST CURE DEBT WITH YOUR FINANCIAL DIFFICULTIES?
We genuinely care about you and how this process will impact you. We acknowledge that if you choose not to proceed, there will be a financial impact for us. However, the main focus is not on the financial aspect, but rather on the desire to assist individuals in overcoming their financial difficulties. Let's get you back on track to living your life to the fullest.
Start Living Again!What does Cure Debt offer?
We work with several professionals, specialising in their different fields, to serve our clients. With a combined experience of more than a century. We can proudly state that 'We are the best in the business of helping people and businesses become debt-free.
Become debt-free Today!
