COVID-19We understand that the national lockdown may have you deeply worried about your finances. DebtBusters remains open, and our consultants are here to help you. For more information about the virus, please visit www.sacoronavirus.co.za.
Frequently Asked Questions
Here, we answer some common questions about debt and debt counselling that we receive from new and existing clients. Have further questions? Talk to us at 0869 99 06 06 or [email protected]
While a client is under debt review, the credit bureaus will flag their profile as 'under debt review', which will prevent the client from borrowing any more funds during the process. However, once the client has paid off their debt, DebtBusters will send a clearance certificate to the creditors, notify the NCR, as well as the credit bureau, via the NCR Debt Help system
Debt review in South Africa was implemented in 2007, as a means for regulating unethical debt management companies and practices. DebtBusters is a debt management company situated in Cape Town, which targets South African consumers struggling with debt.
The National Credit Act (NCA) formally introduced debt counsellors, in order to assist consumers with managing their debts. DebtBusters has extremely qualified, knowledgeable and supportive debt counsellors, that will negotiate with credit providers on the behalf of clients, as well as design and implement an affordable debt repayment plan. DebtBusters debt counsellors aim to empower clients to take control of their finances, as well as their future financial decisions.
Credit card debt consolidation is a viable debt solution for consumers that have accumulated a large amount of credit card debt. Credit card consolidation enables the consumer to consolidate multiple credit card payments into one single monthly payment. Fundamentally, credit card debt consolidation consists of consolidating high interest rate credit cards, to lower interest rates....
Are you suffering from debt problems? Are you feeling disappointed and desperately trying to find the best debt solution? On the Internet there are many websites which provide debt help by offering debt counselling, debt elimination advices and other debt solutions. The best solution for you can be found by reading articles, guides and solutions....
The first thing that clients need to realise is that anyone can fall into the trap of accumulating secured and unsecured debt. Having debt is nothing to feel ashamed of, as with the help of DebtBusters ability to provide substantial advice on how to manage debt, as well as a positive attitude, you’ll be on...
Debt review is the process whereby a debt counsellor assesses client’s outstanding debts, consults with credit providers on the client’s behalf and assists the client in establishing an affordable monthly payment plan that incorporates both earning and living expenses.