National Debt Advisors

National Debt Advisors is a financial institution based in Cape Town that provides debt counselling to their customers.

2022’s top debt counselling agency

In 2020, National Debt Advisors was voted the top debt counselling firm in South Africa. They’re extremely humbled and proud of this achievement and they strive to continue to maintain this standard of service.

National Debt Advisors’ vision is to become the largest and top debt counselling company in South Africa while providing their customers with the best services. They’re continuously fighting for consumer justice and strive to improve their customer experience.

National Debt Advisor’s winning team

National Debt Advisors have close to 400 staff members who are well-trained and will ensure that your debt review is a simple and smooth process all around.

Many people struggle with their financial situations when their income is cut down dramatically or when they lose their incomes altogether.

The worst thing you can do when you are already in a bad financial situation is to give your debt and finances to a debt counsellor who isn't qualified and will end up making your situation worse.

Get professional debt help and advise

National Debt Advisors is the place for you if you’re looking for a place to become debt-free or even if you’re just looking for debt review information.

It’s as simple as filling out the form on their website and one of their debt counsellors will be in touch with you on the next step moving forward.

A certified debt counsellor, such as National Debt Advisors, ensures that:

• You’re able to pay off your debts each month and cover the costs of daily living.
• Your monthly debt payments will be decreased.
• Your assets won't be taken away from you or repossessed.
• You’ll get yourself out of debt in due course.

National Debt Advisors offers many services including debt review. This is a process that can provide you with ways of becoming debt-free.

If you’re struggling to pay your debt and you’re having to rely on taking out loans and using credit cards, then National Debt Advisors is there to assist you, lighten the load and relieve the stress that debt puts on you.

So, what is debt review?

Debt review is a legally regulated process that helps you to get out of your debt situation.

Advantages and disadvantages of debt review

Advantages:

• Your debt counsellor from National Debt Advisors will directly deal with the negotiations between you and your credit providers so that you don’t have to deal with them anymore.
• The amount you pay each month will be lower.
• You’ll no longer be harassed or threatened by creditors and debt collectors.
• You'll be able to pay for your daily living expenses with greater ease.
• You’ll only need to make one payment each month.
• Only the amount you can afford will be paid.
• Your assets such as your house and your vehicle will not be repossessed.
• Your payment plan will include all of your debt counselling costs.
• You won't need a loan to consolidate your debt.

Disadvantages:

• You may not be eligible for a debt review if your debts are too low or even too high.
• You can't use your credit facilities or apply for new credit.
• In total, at the end of the process, you might pay more interest overall.
• It’s possible that some accounts will have to be excluded.
• Cancellation can be a troublesome process.
• It might take longer to pay off your accounts.
• Fees for debt counselling will be required.
• At credit bureaus, you’ll be flagged.