Steps for Debt Review

Debt Counselling is a professional service provided for over-indebted consumers. It’s a process regulated by the new National Credit Act and provides the consumer with a greater protection against creditors wishing to take legal action. The goal of Debt Counselling is to: create a repayment plan that will allow consumers to meet their basic living expenses and develop a repayment plan that is affordable to the consumer and acceptable to the creditor.
The process with the creditors is managed by the appointed Debt Eezy Debt Counsellor who represents the consumer’s best interests.

Benefits of Debt Counselling

Advantages to the employer:

- Reduce workload of payroll department.
- Overall reduction of deductions per employee.
- Less stressful wage negotiations.
- Increased productivity, less stressed employees.
- A substantial reduction in monthly advances.
- Improvement in Financial literacy.

Advantages to the creditor:

- Managed Portfolio
- Immediate Payment
- Cost Savings on Legal Process
- Reduced Debt Exposure
- Preferred Option by Unions
- Softer Approach – Keep Customer
- Rehabilitation of Customer

Advantages to the customer:

- Immediate Relief
- Basic Living Expenses Ensured
- Do not lose any possessions or property
- It is Not Expensive
- Do Not Increase Debt to Pay off Debt
- Save on Compound interest
- Record Remains Clean