Debt Counselling

If you are you drowning in debt and searching for a tailored, effective and reliable solution, then Debt Counselling could afford you just that. At Less Debt, our priority is first and foremost to extend transparent financial assistance to South African consumers that need it the most. We offer a result driven Debt Counselling service that has helped thousands of clients over the years, changing their realities and giving them a fresh perspective on money a new lease of life.

Our capable and trained team of Debt Counsellors are aware of all the challenges facing consumers today; from the countries strained economy and continually rising costs of living to scarcity of viable employment opportunities. For us, there is no quick fix when it comes to offering you the outcome you require – rather, we extend a flexible Debt Counselling service to South African’s that can transform how they deal with their finances for the rest of their lives.

So, what exactly is Debt Counselling? In 2007, Debt Counselling was introduced by the National Credit Act as a sound debt relief programme. The process is simple – we will evaluate your finances through an affordability assessment, allowing us to identify your necessary living expenses and become familiar with your unresolved debts. With your basic monthly expenses and family needs in mind, we will get to work negotiating lower monthly installments and, wherever possible, decreased interest rates with your various creditors. Through these efforts, we will present you with a new repayment plan that you can afford and your creditors have approved.

While undergoing Debt Counselling, you as the consumer are protected from potential legal action that could result from your late or missed payments (such as car and asset repossession), and you will also be unable to incur any additional debt. As part of the process, our dedicated Less Debt team will also conduct thorough investigations if any red flags should arise, suggesting that you have been victim to reckless lending. Reckless Lending is not uncommon and takes place when a credit provider enters into a credit agreement with a consumer without first carrying out an affordability assessment.

At Less Debt, our Debt Counselling service is uncomplicated, professional and can ease the financial burdens you face every day of your life. You won’t have to worry about distressing phone calls about money owed to creditors, or having to appear in court to obtain court orders. Repaying your debt is simplified and made all the more manageable – your monthly installment will be collected through a payment distribution agency that is registered with the National Credit Regulator, and once your debt is paid off in full, you will be issued with a debt clearance certificate.

Once you have successfully completed the Debt Counselling process (which can take anywhere from 3 – 5 years), you can start enjoying your life debt free. At Less Debt, our reputable Debt Counselling service is approved by the National Credit Regulator (NCR), offering you peace of mind.