Financial Wellness (NOT debt review or debt counselling or debt administration)
Debt Mediation is a process in which a mediator steps in and negotiates a reduced and affordable repayment plan to creditors. We assess your monthly obligations and all your monthly payments to creditors and workout a plan that will increase your cash flow and also see that all your debts are paid. It is a voluntary debt management program that does not include court orders. With many similarities to debt review or debt administration the key differences are:
You will remain credit worthy throughout the whole process.
There is no 3 month waiting period for creditors to receive payments.
You will be protected from legal action provided you do not skip payments.
You can make a single application even if you are married.
You can stop the program at anytime there are no cancellation fees.
We cover most types of debt excluding vehicle finance and bond.
Debt Review / Debt Administration Rescission/Removal services available at R2000.