STOP DEBT! It's one thing to say it, but quite another to put it into action. Two tiny words, yet far more complex than they appear. When facing financial challenges, it often seems like escaping the clutches of debt is impossible. It feels like there's no hope to ever be Debt-Free again. Given your current circumstances and the challenges you're facing, it's difficult to maintain an objective perspective on your troubling financial situation.
Take control of your finances and get rid of the stress and worry that comes with financial troubles. Join forces with CureDebt today. Our team of professional,
NCR accredited Debt Relief Experts is here to help you.
To stop debt and stress about debt you need to eliminate the debt.
It’s clear that enlisting the help of a Debt Solutions Expert is important to identify effective strategies to eliminate your debts and achieve the financial freedom you deserve.
What kind of debt Relief solutions are available to over-indebted South Africans?
South Africa currently has 3 (three) different ways to stop debt. Us at CureDebt is very proud to state that all these solutions are available as part of our services.
1) Administration:
This debt relief solution is as old as time, and most people know about it. However, with this debt relief solution, you need to enlist the services of an attorney to bring the application. This is a Magistrates Court application, and it can only be changed or removed with a rescission application.
Total Debt Threshold:
Another huge thing to remember is that your debt may not exceed R50 000.00 (fifty thousand rand) in total to qualify for these debt relief solutions.
Vehicles and property Finances excluded
Taking this into consideration, it becomes clear that vehicle finance and property finance (bonds) do not form part of this process and will need to be paid over and above the administration order, a monthly installment.
Debt Rehabilitation:
Opting for an administration order as a debt relief solution will not write off any debts and negatively impact your credit score. You can only rescind the order once you have paid off the debt in full. The Magistrates Court grants the rescission order, which removes the adverse listings and no longer shows you as blacklisted or under administration on your credit profile.
2) Debt Review:
Stop Debt! with the Debt Review Process. This debt relief solution is a lot like Administration. However, there are a few differences between these two solutions. This application is done by a Debt Counsellor, registered at the National Credit Regulator. It can be done either by a debt counsellor or an attorney. This application can take place at a Tribunal or the Magistrates Courts of South Africa.
Total Debt Threshold:
There's no debt threshold for Debt Review and therefore vehicle and property finance can be included in this debt remedy.
Debt Rehabilitation:
Once the debt is settled, then the relevant information is sent to the NCR, which in turn will remove the Debt Review Flag listed against your credit name. This will clear your name. You will be able to make new debts once the flag has been removed.
3) Declaring bankruptcy:
Opting for this solution is a last resort, after you've tried everything in your power to stop the debt accumulating. By opting for this solution your credit name will be adversely affected on your credit profile. Bear in mind with this debt relief solution the debt will be written off. This is however a High Court application, and you will need the aid of an Attorney and Advocate to ensure the success of the application.
Insolvency Specialists @ CureDebt!
We at CureDebt sourced the best legal minds in the country to assist our client in this endeavour. We have established
Insolvency Law Specialists on board that work hand in hand with us to ensure success and stop debt. We can help you STOP DEBT!
Total Debt Threshold:
One should have at least 80 - 100 000.00 (eighty to hundred thousand rand) worth of debt to qualify for sequestration. This is the ultimate DebtBuster and will STOP DEBT in its tracks.
Financial Rehabilitation:
Take into consideration that this is a High Court Application and that once the application is granted in the High Court, there will be a judgment against your name, confirming that you are in insolvent. Because of this sequestration order you need to go back to court once the estate has been dealt with to secure a Rehabilitation order after sequestration also known as Insolvency. Once this is done all adverse listings, including any debt review flag, can be removed from your credit profile.
YOU DESERVE IT!
You shouldn’t have to bear the burden of over-indebtedness just because of circumstances beyond your control. And even if there were some mistakes along the way, remember, it’s okay to let go of that guilt! You deserve to move forward without punishing yourself for the past. It's time to level up and embrace a
debt-free lifestyle! Let's make it happen today!
Need more information?
Just a quick phone call, and one of our amazing Debt Relief Experts will be there to answer all your questions! Just a little reminder that advice is totally FREE!
GET FREE ADVICE AND ASSESSMENT!
TAKE CONTROL OF YOUR FINANCES - DEBT BE GONE!OUR SERVICES INCLUDE:Debt Review | Debt Counselling | Debt Mediation & Restructuring | Cancellation of the Debt Review | Sequestration | Rehabilitation | Liquidation | Credit Clearance of Credit Score | Business Rescue, etc.
BECOME DEBT FREE TODAY...
