What are debt counsellor processes in Cape Town?

As form of rehabilitation, debt counselling is a series of steps that a consumer follows to recover from bad debt:

  • Recognise your need for help and apply for a debt review
  • Have your finances reviewed by a debt counselling company and follow their guidance
  • Work with the counsellor to restructure your budget - being as honest and forthcoming as possible
  • The debt counsellor will negotiate with your creditors and inform them that you are undergoing debt review
  • Together with a Payment Distribution Agency, your income is appropriately distributed each month
  • Once debts are paid up, you are given a debt clearance certificate
  • Share article to Facebook
  • Share article to Facebook


DEBT COUNSELLOR CAPE TOWN | What are debt counsellor processes?