Cover Care Solutions

Take Control of Your Debt – Legally and Affordably

Let our expert team restructure your debt into one manageable monthly payment and protect you from legal action.

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What is Debt Review?

Debt Review, formally known as Debt Counselling, is a legal process introduced by South Africa's National Credit Act (NCA) to help over-indebted consumers. It involves a registered Debt Counsellor assessing your finances and negotiating with your credit providers for a reduced, consolidated monthly payment plan. This process provides you with immediate legal protection against your creditors while you work towards becoming debt-free.

A person looking relieved and in control of their finances.

How Our Debt Counselling Process Works

A simple, 6-step journey to financial freedom.

Step 1: Assessment

We conduct a free, no-obligation assessment of your financial situation to see if you qualify.

Step 2: Application

If you qualify and wish to proceed, you'll complete a simple application form (Form 16).

Step 3: Proposal

Within 5 days, we notify all your credit providers and propose a new, affordable repayment plan.

Step 4: Acceptance

Once credit providers accept the plan, we begin restructured payments immediately.

Step 5: Court Order

The new repayment plan is made a legal court order to protect you from legal action.

Step 6: Payments

You make one single, affordable monthly payment to a Payment Distribution Agency, who pays your creditors.

Am I Eligible for Debt Counselling?

You may be eligible if you're struggling to meet your monthly debt obligations. The main criteria include:

  • You must be over-indebted.
  • You must have a regular, provable income.
  • You must be a South African citizen or permanent resident.

Benefits of Debt Counselling

Joining our program offers numerous advantages:

  • One affordable monthly payment.
  • Immediate protection from legal action.
  • Reduced interest rates and fees.
  • Professional negotiation with your creditors.
  • A clear path to becoming debt-free.

Pros and Cons of Debt Counselling

We believe in full transparency. Here’s an honest look at the process.

Pros
  • Legal Protection
  • Lower Monthly Payments
  • Reduced Stress
  • One Payment
Cons
  • Credit Record Flagged
  • No New Credit
  • Long-Term Commitment
  • Potential for Fees

Frequently Asked Questions

Ready to Be Debt-Free?

Your journey to financial peace of mind starts with one simple, confidential conversation. Contact us now.

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