Debt Review Pros and Cons

Benefits of Debt Counselling

*Stop creditor harassment

*No permanent record will be kept that you where under Debt Review.

*When you are under Debt Counselling, no creditor can take legal action against you.

*At the end of the process, when all your creditors are paid we will issue a

clearance certificate and clear your name.

*We will assist and make sure all your debts are paid with one single monthly

payment, which will be distributed to all your creditors.

*We will assist you with your budget to ensure your basic needs are met before

distributions are calculated for Creditors. This will ensure that your debt payments

are what you can afford.

*Protect your assets from being repossessed by credit providers.

We aim to be transparent with all aspects of Debt Counselling. To be honest as with most things in life, Debt counselling too has “disadvantages” to it.

*This being that you cannot apply for any credit while under debt review.

*The only way to exit the Review is to settle all your outstanding debt first.

*It might take a while to settle all your debts

But luckily these “disadvantages” are hugely outweighed by the benefits of safeguarding your assets and paying all your debts in a more affordable manner.

Our contact details.

Email :ultradebthelp@gmail.com

Cell: 0836563323

Address:

Unit 10

Gillitts Office Park

2 Rodger Place

Chelmsfordville

Gillitts

3610

How much does the process cost you?

Debt Review Fees

Assessment is free.

The National Credit Regulator regulates the fees and most are included in your once off monthly installment. See list of fees:

Once-off Administration fee of R300 and R50 Application fee ( Paid Upfront)

Once-off Legal fee

Monthly (PDA) fee

Monthly After-care fee

Once-off Reckless Credit Check fee ( If applicable) 

Only the Administration and Application fee is paid up front. All other fees are included in your monthly installment that you pay for distribution. 

How do we help you ?

Debt Review Steps

Step 1 :Free Consultation

You will get a free confidential financial assessment to see if you qualify.

Step 2 :Complete Your Application Form

If you do qualify we will send you an application form to sign and return to us.

Step 3 :Notify Your Creditors

When we have your completed application form we will immediately inform your creditors about your Debt Review application and you will be immediately protected in terms of the National Credit Act

Step 4 :New Payment Plan

We will get account balances from your credit providers and negotiate and restructure your repayments to an amount that you can afford.

Step 5 :Make the Approved Plan an Order of the Court

We will then get an Application to the Court on your behalf. This will bind your credit providers to the restructured payment plan.

Step 6 :You Will Then Only Pay One Affordable Monthly Installment

You pay one Monthly installment to a Payment Distribution Agency who will distribute the funds to all your credit providers in accordance with your payment plan as submitted to court.

Step 7 :Once Your Debt is Paid Off

When your Debt is repaid in full we issue you with a clearance certificate and notify the Credit Bureaus to clear your credit record.

What will we do for you ?

We provide immediate protection to you and your assets ( this includes your house and car).

Your debt repayments are lowered to an easy monthly installment.

No more harassing phone calls from your Creditors.

In some cases we can get lower interest rates and extend repayment terms.

Once your accounts are all paid up we issue you with a clearance certificate and apply to clear your credit report.