Debt Management Company
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- Drowning in too much Debt?
- Get instant relief and sleep better toninght
- Reduce your interest rates by up to 0%
- Pay only what you can afford
- Protect your family's assets
What is Debt Review?
If you are over-indebted and falling behind with your debt repayments, debt review can protect your assets by arranging a structured, affordable repayment plan for your outstanding debt.
A debt solution company consolidates all your debt into one monthly payment and reduces your interest rates, based on your circumstances. This debt protection forms part of the National Credit Act. Credit providers cannot take legal action against you if you go under debt review. This means that aside from the protection of your assets, you will also end up paying less for your debt on a monthly basis. All fees will be included in your reduced monthly payment.
Make the smart choice and request a call back today.
Monthly Reduction
Item | Old Payment | New Payment | Reduction |
Property Bond | R 5,245.25 p/m | R 3,933.94 p/m | R 1,311.31 p/m |
Vehicle Finance | R 3,519.25 p/m | R 2,510.68 p/m | R 1,008.57 p/m |
Unsecured Debt | R 11,168.25 p/m | R 3,390.50 p/m | R 7,777.75 p/m |
Total | R 19,932.75 p/m | R 9,835.12 p/m | R 10,097.63 p/m |
Contact Giant Debt today. We CAN help you!
A simple process aimed at transitioning you out of debt that is straightforward and effortless, we assist our clients in developing a repayment plan that is affordable and easy to maintain for the remaining repayment period without additional financial strain.
We provide immediate relief from your financial struggles by providing an affordable monthly repayment plan along with reduced interest rates. We negotiate reduced interest rates of up to 100% from your Credit Providers, thereby lowering your overall repayment amount.
PLAN
Number
minutes
Price
Price for 1 minute
Request A Free Call Back
1
Complete the free “Request call back” form and one of our friendly qualified consultants will contact you to do an obligation free assessment.
Review Application
2
Once contacted we will review and evaluate your information and determine whether you are over indebted or not.
Notify Creditors
3
Once under Debt Review, we will notify all your Credit Providers and the Credit Bureaus that you are under Debt Review, thereby protecting you as they may no longer contact you directly.
Negotiate Repayment
4
Your monthly instalment’s are negotiated with your Credit Providers and structured into one affordable monthly repayment amount based on your current living expenses.
Get A Court Order
6
Our debt specialist attorneys will obtain a court order that will protect you against your credit providers and simultaneously legally reduce your interest rates.
Why Giant Debt Counsellors
- Giant Debt Counsellors is one of the leading debt solution companies in South Africa!
- We protect your assets from repossession by credit providers
- We consolidate all your debt repayments and you pay a lot less every month.
- You determine what you can afford & retain sufficient funds for your living expenses.
- We’ll also reduce all your current interest rates!
- Free no-obligation debt assessments by our experienced consultants.
- We can help you even if you are over-indebted, blacklisted or have a bad credit record.
- We are fully compliant with the National Credit Act and we are registered at the NCR.
FAQ's
What qualifies you to be put under debt review?
You qualify for debt review if you are over-indebted. This means you are struggling with your debt repayments and have fallen behind, or are at risk of falling behind. You also need to be earning a monthly income – you will not qualify if you are unemployed. You qualify for debt review even if you are blacklisted, or if you have a bad credit record.
Why should I consider debt review?
You should consider debt review if you are unable to pay off your debt repayments, whether it be now or in the immediate future. By going under debt review you will ensure the protection of your assets, and avoid legal action by your credit providers. Debt review helps to reduce your repayments and your interest rates, making your financial situation more manageable.
What costs will I incur by applying for debt review?
The exact costs will depend on the type of debt you have and your monthly repayment amount, however you will incur debt counselling fees and legal fees. Both the debt counselling fees & legal fees are incorporated into your debt restructuring plan which means that you will not need to pay any additional/upfront fees in order for your application to be processed. The debt counselling fees that we charge are regulated by the National Credit Regulator and should be the same regardless of which registered debt review company you use. Legal fees are also determined based on the type of debt that you have and your monthly repayment amount.
Do I need to go to court?
No, you will never have to attend any court proceedings, as Giant Debt Counsellor's nominated attorneys will obtain the court order for you. The legal fees relating to the court order is included in your reduced debt repayment plan.
Is debt review better than a consolidation loan?
You will not qualify for a consolidation loan if you are over-indebted. Not with us and not with anyone. The only way to prevent you from losing your assets is to go under debt review. Our debt review process fully protects your assets, as per the National Credit Act. We help you to manage your bad-debt situation by consolidating your debt into one affordable monthly repayment, reducing your monthly debt repayments & interest and clearing your credit record after you have fulfilled your restructured debt obligations.