Debtwise Group

41 chapel street, Kimberley, 8301 ,South Africa
Debtwise Group Debtwise Group is one of the popular Credit Counseling Service located in 41 chapel street ,Kimberley listed under Company in Kimberley , Financial Planning in Kimberley , Credit Counseling in Kimberley ,

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Any Consumers who applies for Debt Review must complete an application form (form 16) of the regulations. Once we received the Consumers completed application for Debt Review, we will send within 5 working days a notification (form 17.1) of the application for Debt Review to all the Creditors listed on the Consumers application. The consumer wills also we registered by the NCR for the Consumers protection by the NCR and all CREDIT Bureaus will also be notified. These notices are send via Fax, e-mail or registered mail, keeping the necessary proofs. We will thereupon in terms of the Act make an assessment of the Consumers financial position, and should we find that he/she are over indebted, then we will work out a new and affordable budget and repayment plan. We will submit a proposed repayment plan to all the Creditors, and attempt to reach a settlement with your Creditors on reduced instalments, interests and capital. Should this fail, we will make an application to obtain a Court Order. The Magistrates Court will make an order that is suitable for the Consumer, forcing Creditors to accept the lesser installment and extend the periods of the agreements.

According to the Credit Act, the Debt Counselor have 60 Working days the complete all negotiations with Creditors on the Consumer behalf, and to obtain a case number and Court Date, and in this period no Legal Action can be taken by the Creditors.

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