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Debt Counselling

Debt Counselling Process

10 Easy Steps To Your Financial Freedom

Step 1

Contact Thembeka Debt Counselling now by calling 011 336 9700 or by filling in our online contact form. Our friendly consultant will call you back and help you fill in an application form.

Step 2

After completing the form, Thembeka Debt Counselling will make a free financial assessment for you and determine if you are over-indebted or not. If you are over-indebted we will proceed to the next step.

Step 3

We will then notify all your credit providers, The National Credit Regulator and Credit Bureau (that your application for Debt Review has been successful and we can help you restructure your debts.

Step 4

We will work with you to create a practical budget and stop all debit orders going through your account so you can start on a clean slate.

Step 5

We help you to access your credit profile so that all of your debts are included under debt review.

Step 6

Your credit providers are required by law to send us information regarding all your accounts reflecting your outstanding balances, interest rates charged, monthly instalments, original amount you borrowed, outstanding period etc.

Step 7

Thembeka Debt Counselling will then negotiate reduced interest and reduced instalments for you and consolidate all your accounts into one affordable instalment.

Step 8

Credit Providers will accept our proposal, if not we will go to court on your behalf and get a court order. You do not have to come to court. We do all court applications for you.

Step 9

You will be required to make your payments every month. Thembeka Debt Counselling will review your financial status every year as part of our ongoing service to you.

Step 10

Once all your credit providers are paid off, with the exception of your mortgage bond, Thembeka Debt Counselling will issue you with a clearance certificate that will be sent to all credit providers, NCR and Credit Bureau. Your credit record will be clean.