A: There is no better feeling than receiving your Clearance Certificate (the proof to show that you have fixed your debt – an accomplishment that you have worked so hard for). But, there are a few things that you should know before applying for credit again/after receiving your Clearance Certificate. One thing is certain –
A: If everything is in order with your Clearance Certificate you and the credit bureaus should receive it within a few working days. Before issuing a Clearance Certificate DebtSafe will require paid-up letters from all you credit providers. This might take some time depending on the cooperation of your creditors and can sometimes cause a
A: Once an account is paid-up in your program the Payment Distribution Agency (PDA) will take the money that would have gone to that creditor and evenly distribute it towards the accounts that are left in your Debt Review program.
A: Yes, that is a great way to speed up your Debt Review program. When you have extra income (like a tax repayment, a bonus or salary increase) you can contact one of the DebtSafe Debt Counsellors to make the arrangements for you. In this situation, you can also stipulate to which creditor you would
A: The duration of your program with DebtSafe will be subject to; The amount of debt you have. The type of debt you have. Your income. Your essential living expenses. What we can negotiate with your creditors. How long your program will take is unique to your situation, therefore, we recommend asking for your free,
A: Your monthly repayment plan’s instalment will depend on your individual debt profile. What affects your monthly instalment is: The amount of debt you have. The type of debt you have. Your income. Your essential living expenses. What we can negotiate with your creditors. Your monthly instalment will be unique to your situation; therefore, we
A: Debt Review is a professional service and does require certain fees. However, there are no up-front fees. All our fees are paid from your instalments and form part of your restructured payment plan. The fees are regulated by the National Credit Regulator (NCR) and are the same for all Debt Counsellors. There are six
A: To qualify for the DebtSafe program depends on various factors. But, foremost you will have to be seen as over-indebted, as defined by the National Credit Act (NCA). In short, being over-indebted means that you are unable to pay your monthly financial obligations. Other factors that influence whether you qualify for DebtSafe’s program includes