Debt Sage

Debt Sage was founded in 2009 with the aim of assisting South Africans to take control of their finances and get out of debt.

Their name Debt Sage is homage to Sage Street in Cape Town where their founder got the idea to start the company. The word Sage refers to a wise person, and they aim to remain true to this definition by using their wisdom to empower their clients financially.

A team of specialist debt counsellors

They’re an NCR registered Financial Services Provider (FSP) with an experienced team of debt counsellors ready to assist you with all of your debt needs.

These counsellors as well as the entire team at Debt Sage have qualifications and experience that enable them to deliver a level of expertise that few others in the industry have been able to.

They’ve also sustained their quality of service and continued to grow for over a decade, transforming them into a trusted, reliable service provider that has gained a well-deserved reputation of dependability.

Served in your language of choice

Debt Sage comprise an exceptional team of multilingual and multicultural individual who are able to serve you in almost all of South Africa’s official languages.

This means you can enjoy a personalised service that will not overlook the importance of financial education and understanding in overcoming financial difficulties.

Leveraging industry relationships to your benefit

Debt Sage has developed strong relationships with key industry players including the Payment Distribution Agency (PDA), all major creditors, and attorneys. They leverage these relationships to ensure you receive the best possible debt review and debt management services.

For instance, they work with legal professionals who are experts in reckless lending and debt review and can handle your case with expertise, speed, and efficacy. This is important in ensuring that your problems are addressed not only quickly but in the right way.

Debt Sage offers expert debt counselling and debt management services across South Africa. These services are designed to help you get a handle on your debt and take control of your finances.

Debt review in a nutshell

Debt review is a legal process that was introduced by the National Credit Act (NCA) to help overindebted consumers get out of debt. It is not an easy or quick solution but rather, one that relies on a defined process and structure that is enforced and protected by the legal system.

Not only is there a defined process that you will need to follow but the fees are regulated, as are the debt review professionals who offer you their support.

Who should consider debt review?

Anyone who is over-indebted and struggling to pay off their debts could benefit from debt counselling. If you have too many debts, can not take out any more credit, and are not able to manage your debt, you may benefit.

The debt review process

1. Get in touch with Debt Sage and one of their counsellors
2. They will review your income and expenses and decide whether debt counselling would be beneficial for you
3. If so, you will complete a debt assessment and they’ll provide you with a free credit report
4. Debt Sage will create a new repayment plan and contact your creditors to negotiate accordingly

Important debt review considerations

• When under debt review you will no longer be able to obtain further credit
• Your creditors can not take any further legal action against you and your assets will therefore be protected
• One of the major benefits of debt counselling is that you learn how to better manage your money and live within your means
• It takes, on average, between three and five years to complete the debt review process
• You are also able to repay your debt faster and exit debt review earlier by paying more than agreed