About
About Us
What Sets Our Business Apart For Your Selection
Debt Made Easy has proudly established itself as a trusted debt counselling company in South Africa. Our core mission is to empower consumers to regain financial freedom by offering comprehensive debt relief solutions. We understand the pressure that financial struggles bring and are committed to helping you negotiate manageable repayments with your creditors.
Our process is built around your needs. From assessing your financial health to developing a tailored plan that works for you, we aim to give you the support you need to live debt-free. With Debt Made Easy, your financial future is in safe hands.
What is Debt Review?
Debt Review is a procedure where consumers, who can no longer afford to meet all their monthly debt obligations, can now apply with a debt counsellor to negotiate on their behalf with his/her creditors for reduced monthly instalment.
When a consumer applies for debt counselling, the debt counsellor will evaluate the customer’s financial position in order to determine if the customer is over-indebted, on the grounds of the information provided.
The debt counsellor will inform the consumer’s creditors that he/her has indeed applied for the debt counselling process. Creditors are then not allowed to take any legal action against consumers.
The creditor must negotiate with the debt counsellor over the next 60 working days to determine a new repayment plan for the consumer.
Over-indebted – means that the person does not have enough money left to meet their monthly obligations under all credit agreements, after all, basic living expenses have been paid.
Should the debt counsellor determine that the applicant indeed appears to be over-indebted, he will commence with a procedure to inform all the customer’s creditors of his conclusion.
The debt counsellor will then, on behalf of the applicant, proceed to negotiation with these creditors in order to negotiate reduced amount (more affordable) monthly repayments on behalf of the consumer