The Debt Management Group
Are you struggling to pay your bills monthly?
Have you maximized all your credit cards and receiving letters of demands for your loans that are in arrears?
Are you afraid of losing your home or vehicle?
The Debt Management Group together with the National Credit Act can protect you today.
We offer a NO OBLIGATION FREE ASSESSMENT for you immediately
We offer individuals the process of Debt Counselling.
Debt Counselling is a process where a person who is struggling to pay his monthly debt instalments uses the services of a debt counsellor to legally, and with protection from the NCA, reduces their monthly debt repayments, up to 60%.
The Debt Management Group can offer you these benefit today;
Negotiate and decrease your monthly instalments to all creditors thus reducing instalments by up to 50%
Negotiate and decrease interest on each of those accounts to below 11.50%
Stop repossession of goods and avoid your name from being blacklisted
File presented to court to legalise the restructure of your payments toward creditors so that they cannot refuse or take legal action.
What do we need to get started?
Copy of Pay slip and ID
List of your accounts and the installments that you pay toward them on a monthly basis
List of your monthly expenses i.e. , rent, food, lights & water, traveling expenses (things that you essentially re quire to survive on a monthly basis)
Please advise if you are single or married, if married in COP due to the legal aspects of the NCR Act both yourself and your partner will need to undergo the process
The Debt Review Process Explained.
We receive your application and immediately start assessing your financial situation to see if you are over-indebted and eligible for debt review. If found that you qualify we will inform you and proceed with the debt review process. If not, we will call you and advise you further.
All your credit providers, The NCR and credit bureaus are now notified of your successful application for debt review. The creditors will adjust your accounts on their systems to show you have been placed under debt review.
We create your monthly budget by assessing your monthly living expenses like rent, food, water and electricity, policies, insurance etc. and establish how much you are able to pay toward your debt
The creditors send us certificates of balance (COB’s), these cob’s tells us exactly how much is outstanding, your contractual monthly payments and arrears amounts, if any.
We will now have a clear indication as to how much you will have to pay per month towards debt and how much you will have for living expenses. We will send you your monthly budget which will include your debt repayment plan. We will also inform you when your first debit order will go off
Our debt counsellors will prepare a proposal which will be sent to the credit providers. The credit providers may or may not accept the proposal.
If all the proposals are accepted we will proceed to obtain a consent order, if not, we will recalculate the proposal if we find the creditor’s reason acceptable. If our final proposal does not get accepted we will proceed to court for a magistrate to make a decision.
FINAL STEP --FINANCIAL FREEDOM!
When all your debts are repaid a debt counsellor will issue you with a clearance certificate, we will also send this certificate to the creditors, the NCR and the credit bureaus. Your credit record will be cleared within 5 to 10 working days and you will be able to go on with your life.
What is our Fee Structure?
There are no upfront fees required for this process as it is incorporated into the process and all payments are to be made into a PDA (Payment Distribution Agency)
The first installment is paid to the debt counselor who will handle the entire process.
The second installment is for the attorney fees to draft, set down a court date and represent you at court.
The third installment is distributed to the all creditors that you have decided to place under review.
The PDA takes a small amount for the distribution of your funds on a monthly basis and we are give a 5% after care fee from your rehab amount but this is capped at R500.
Applying for Debt Review is confidential and easy.
You don’t have to see us face to face and your employer or friends will never find out.
All you have to do is to complete our CONTACT form and one of our efficient and friendly consultants will call you back to assist you with a NO OBLIGATION FREE ASSESSMENT
Name and Surname
Contact number
Email Address
Salary
Net Salary
Vehicle/Bond Repayment
Loans/Credit Cards
Retail Accounts
Living Expense eg rent, water& electricity etc
Based on the information supplied above we will do a free financial assessment for you, and advise you what we can reduce your accounts to on a monthly basis (this will be one smaller consolidated amount.
CONTACT :
THE DEBT MANAGEMENT GROUP
WE CAN DO THIS FOR YOU TODAY!!!
“Managing your debt ,changing your life”
Sms us on 071 656 02 41 or 0716571088 and we will call you back immediately
Call us on 0872321108