Debt Solutions

Debt Solutions was founded fourteen years ago. As per the National Credit Act of 2005, Debt Solutions offers debt relief and advice which aims to solve the financial strain of many consumers who are over-indebted.

They’ve over the years played a prominent role in Mpumalanga by fostering its true values, which are integrity and being committed to rendering exceptional service.

Experienced and competent in debt review

Debt Solutions are experienced and competent in solving your debt issues. They’re also accredited by the National Credit Regulator.

Their primary goals include developing reasonable repayment arrangements for you which are fully acknowledged by credit providers. Since they are always concerned and want to help you, they ensure they’re with you in the entire debt review process.

Debt Solutions uses DC Partner as their Payment Distribution Agency

Debt Solutions uses DC Partner as their PDA. DC Partner is regarded as one of the leading payment distribution agencies in South Africa that aims to help you if you’re undergoing a debt rehabilitation programme.

They’re known to provide accurate and quick fund distributions from you to your credit providers. The distribution process follows strict rules which abide by the distribution plan provided by a debt counsellor.

Can you picture a life where you don’t have any debt? Check to see if you’re going through the below symptoms, as this means you need help.

Is debt review right for you?

• You’ve missed payment on one or more accounts.
• Immediately after paying your debts, you’re broke and have nothing left to attend to your basic daily living expenditures.
• You constantly receive relentless calls from debt collectors asking for payment.
• Payday loans are now a norm for you.
• You don’t have any emergency funds or savings.

With Debt Solutions, you can go from being over-indebted to being free from debt. Their process is private and voluntary. You’re also able to access a free assessment.

Debt Solution's view on the principal purpose of debt counselling

1. To give over-indebted consumers expert guidelines and advice.
2. Act as a consumer’s representative in negotiations with credit providers.
3. Properly manage and administer a final repayment resolution with an appointed Payment Distribution Agency.

Benefits of Debt Counselling

• Debt Solutions have created reasonably priced solutions which come as properly crafted repayment plans that you can fit within your budget.
• Repayment plans are custom-made with you in mind, so you can be able to attend to your living expenses.
• Repayment plans implemented look to release you from any lingering financial distress and any psychological consequences associated with the mere thought of excess debt.
• All repayment plans designed by Debt Solutions have one goal in place, which is to free you from debt over a specific time period.
• One of the main concerns of Debt Solutions is keeping you interested. As a result, they place a great emphasis on forming a partnership with you. Working together as a team to defeat the side effects of debt so at the end you can reach the outcome you’ve desired from the beginning.
• Moreover, as they fully act on your behalf in the negotiation process, they end up forming a cordial relationship with your credit providers. This in turn saves you from the agony of dealing with creditors who often can be heartless and rude.
• Since they’re experienced with the negotiation process with credit providers, they’ll make certain that creditors are completely aware of the entire repayment structure until they reach a mutual agreement without discarding your needs.

What is a Payment Distribution Agency?

The National Credit Act has given a Payment Distribution Agency authority to obtain funds from consumers who are undergoing debt review. In turn, those funds should be distributed to the consumer's creditors. The Payment Distribution Agency also provides you with statements every month.

Stick to paying your debt on time

Once you realise that you can no longer fulfil your payment arrangement from your creditors, that’s when it’s time to consider going under debt review.

Make sure that you act diligently and pay your payment arrangement on time. Failing which, you’ll be taking a step backwards and end up being far from reaching financial prosperity.