Welcome to DebtNett
A net placed to catch people who find themselves falling into a dark and dismal hole of debt.
DEBT COUNSELLING & DEBT REVIEW?
Debt review /counselling is a process that was created by the the National Credit Regulator (NCR) in terms of the of National Credit Act No. 34 of 2005.
The Debt review/counselling is therefore a government regulated service that was introduced in 2007, to help those who find themselves over-indebted.
Debt counselling is done by a debt counsellor. This is someone who is registered with the National Credit Regulator (NCR).
THE PROCESS IN A NUT SHELL:
Complete the application form click HERE and submit all relevant documentation including your monthly income ,expenses, budget and debt commitments;
We are now in the position to determine if you are over indebted.
We will now work with you in drawing up a budget (interim repayment plan). Each client is unique and therefore your individual circumstances will be taken into consideration when we work on your personalised budget.
Once the budget is agreed upon we will register your information on all credit bureaus and inform all of your creditors that you are under debt review. Your creditors will not be able to take any legal action against you for a period of 60 days.
Your creditors will now to respond to our requests for various information regarding your accounts.
All collection work done by your creditors will stop until we have completed your review process.
Once we have received feedback from your creditors, we will negotiate with your creditors to reduce their amounts to one that is reasonable to them and yourself. If all the credit providers agree with the proposed repayment plan , our highly qualified Attorneys will attend to having the agreement made legal. Once the consent order is granted, your creditors will not be able to change the terms of the agreement.
All information disclosed to us will remain strictly confidential.
You are eligible to apply even if you have judgements against you and if you are blacklisted.