[one_half last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=””][accordian divider_line=”” class=”” id=””][toggle title=”What is debt review?” open=”no”]“Debt Review was introduced by the National Credit Act to help over-indebted consumers. Our economy has been weak for many years now and people are financially under pressure. Debt Review will develop a repayment plan which is affordable to you, as well as acceptable to all your creditor s. It is there to help you[/toggle][toggle title=”Can I lose my assets while under Debt Review?” open=”no”]Debt Review can save your home and vehicle. It is therefore important to go under debt review as soon as possible if you are struggling to make payments. It also depends on whether you have received a summons on your vehicle finance or Home Loan.[/toggle][toggle title=”What are the costs involved with being placed under Debt Review?” open=”no”]All debtors counseling fees are regulated by the National Credit Regulator. These fees are contained within your monthly payments.[/toggle][toggle title=”Do I need to Vistit SA credit Solutions and consult with a debt counsellor?” open=”no”]“No, the whole process can be finalized telephonically and by e-mail, no matter where you stay in South Africa.“[/toggle][toggle title=”If I am placed under Debt Review, will my Credit Providers still contact me?” open=”no”]“As soon as you apply for Debt Review all your creditors will be notified. From that point on they must, by law, communicate with your Debt Counsellor and not with you directly.[/toggle][toggle title=”How does SA Credit Solutions reduce our payments?” open=”no”]“In terms of the National Credit Act we, as Debt Counselors, are allowed to lower your monthly payments that are affordable to you.[/toggle][/accordian][/one_half][one_half last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=””][accordian divider_line=”” class=”” id=””][toggle title=”What happens if my Credit Providers do not accept the payment plan?” open=”no”]We put together a payment plan within the requirements of the National Credit Act. Credit Providers just want their money, so should your repayment plan be reasonable, it is very unlikely that the Credit Providers will not accept it.[/toggle][toggle title=”Will my employer know that I am under Debt Review?” open=”no”]No[/toggle][toggle title=”Can I be “blacklisted” by Credit Providers whilst I am under Debt Review?” open=”no”]“No, If the blacklisting” took place before you applied for Debt Review, it will reflect on your credit record.[/toggle][toggle title=”Can I use my credit cards while I am under Debt Review?” open=”no”]“No. The purpose of debt review is to get you out of debt. You will not be able to get credit while on debt review[/toggle][toggle title=”How will Debt Review impact on my credit record?” open=”no”]Your credit record will reflect that you are under debt review. This status will change once all debt obligations are met and you are no longer on debt review.
It will be better to go on debt review than to have an impaired credit record due to an inability to service debt[/toggle][toggle title=”Will it help immediately?” open=”no”]Yes, “You will get relief immediately and your creditors must then work through us. No more phone calls threatening you to pay. You cannot be summoned or blacklisted.[/toggle][/accordian][/one_half]
