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Do I Qualify?

You are not alone. Almost half of South Africa’s 25.1 million credit consumers are behind in payments.

If you are over-indebted and struggling to pay your debt, we can help you!

Debt Calculator

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How will Less Debt restructure my debt?

  • Less Debt will perform an obligation free debt assessment, in order todetermine whether you qualify for Debt Review.
  • We will make sure that you can afford to pay off your debt, while still having enough money left for food and other essential living expenses.
  • Our Debt Counsellors will negotiate reduced interest rates and lower monthly instalments with your creditors, based on your budget and affordability
  • To ensure that you are legally protected and do not lose your house, car or furniture, your Debt Review Application will go to court on your behalf.
  • Less Debt will never collect your money. All instalments will be collected and distributed through a PDA (Payment Distribution Agency) registered with NCR (National Credit Regulator).

Case Studies

Less Debt has helped hundreds of over-indebted South Africa’s struggling with unmanageable bad debt.

Read some of our clients’ stories below and learn about their journeys to financial freedom.

Single Mother

Miss C was a single mother earning a nett income of R4 715.85 per month. At the time, her debt instalments were R3 967.32 per month, leaving her with only R7 48.53 to pay for food, transport to work, electricity and her phone bill.

Miss C applied for Debt Review with Less Debt in May of 2018.

Less Debt restructured her debt as follows:

Creditor Outstanding Balance Original Instalment Original Interest Rate Reduced Instalment Reduced Interest Rate Saving on Instalment Saving on Interest Rate
African Bank R15 424.37 R675.00 17.66% 459.74 17.66% R215.26 0%
Capitec Bank R1 950.41 R279.73 30.30% 189.66 10.00% R90.07 20.30%
Foschini R1 506.20 R160.00 24.85% 106.34 7.00% R53.66 17.85%
Truworths R3 412.07 R318.00 24.30% 211.30 7.00% R106.70 17.30%
Woolworths R1 783.88 R178.38 24.30% 119.13 7.00% R59.25 17.30%
Get Bucks R1 864.58 R1 150.73 36.00% 210.00 10.00% R940.73 26.00%
Home Choice R1 643.38 R44.80 20.50% 31.18 7.00% R13.62 13.5%
Le Morgan R3 864.99 R491.35 0.00% 331.93 0.00% R159.42 0%
Nedbank R2 956.96 R569.33 20.50% 386.20 10.00% R183.13 10.5%
Ackermans R497.28 R100.00 21.00% 69.59 7.00% R30.41 14%

Miss C saved R1 852.25 every month on her monthly debt instalment.

Within 21 months, Miss C was debt free and received her Clearance Certificate.

Married Couple

Mr and Mrs M were both pensioners that were only receiving a combined rental income of R8 400 per month. Mr and Mrs M were skipping payments to afford groceries, which resulted in creditors harassing them for payments.

Mr and Mrs M applied for Debt Review with Less Debt in December 2019.

Less Debt restructured their debt as follows:

Creditor Outstanding Balance Original Instalment Original Interest Rate Reduced Instalment Reduced Interest Rate Saving on Instalment Saving on Interest Rate
Ackermans R662.64 R260.00 21.55% R91.72 15.00% R168.28 6.55%
CapFin R14 611.20 R899.69 27.48% R307.38 7.00% R592.31 20.48%
Truworths R36 604.89 R3720.77 24.30% R1 297.56 7.00% R2 423.21 17.30%
Intentity R11 727.41 R1 097.50 21.55% R377.16 7.00% R720.34 14.55%
Edgars R9 793.19 R820.00 20.50% R279.27 15.00% R540.73 5.50%
Home Choice R13 610.53 R1 535.45 19.25% R526.66 0.00% R1 008.79 19.25%
OK Furniture R9 383.34 R456.23 23.50% R155.94 15.00% R300.29 8.50%

Mr and Mrs M’s monthly debt instalment was reduced from R8 789.64 to R3 035.69 per month, saving them R5 753.95 each month. They now have more than enough money for groceries and other essential living expenses. Mr and Mrs M will be debt free within 20 months.

Divorced Mother

Mrs E was a divorced mother of 3 children. She did not receive any maintenance money from her ex-husband and was struggling to pay all her debt instalments.

Mrs E applied for Debt Review with Less Debt in April 2019.

Less Debt restructured her debt as follows:

Creditor Outstanding Balance Original Instalment Original Interest Rate Reduced Instalment Reduced Interest Rate Saving on Instalment Saving on Interest Rate
Direct Axis R50 969.78 R1 855.12 27.75% R941.25 15.00% R913.87 12.75%
Edgars R2 172.00 R60.00 20.75% R30.93 15.00% R29.07 5.75%
Fin Choice R20 082.16 R1 389.65 27.75% R701.32 10.00% R688.33 17.75%
Fone Choice R7 726.36 R2 736.57 20.75% R1 395.62 10.00% R1 340.95 10.75%

Mrs E’s monthly debt instalment was reduced from R6 041.34 to R3 069.12 per month, saving her R2 972.22 each month. Mrs E will be debt free within 35 months.