Debt Counselling

Why use Debt Counselling?

Debt Counselling is a highly effective, closely managed solution for people with more serious debt problems. If you are struggling to make your monthly debt repayments, and are being hounded by the creditors or you are struggling to make your day to day payments, use DebtBusters to undergo Debt Review and take control of your finances again.

What is Debt Counselling?

Debt Counselling is NOT personal administration or bankruptcy. It is a formal debt rehabilitation programme specifically introduced by the National Credit Act to prevent individuals from being placed into personal administration and having to deal with the long term effects. Like Debt Management , the process allows clients to enter into a debt repayment plan with their creditors and emerge debt free after a period of time.

How do I apply for Counselling?

For clients to be eligible for Debt Review they require a registered Debt Counselor to formally review their finances and declare that they are over-indebted. The legal determination of over-indebted as per the National Credit Act is "if taking all financial circumstances into consideration a client is deemed to be unable to repay their debts". The client must also be employed and earning an income.

To see if Debt Counselling is right for you, contact a DebtBusters consultant using the Free Call Back service opposite or call us on 0861 663 328

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