Provide details of your income, monthly budget and debt commitments to Key 2 Debt Freedom. You will need copies of your pay slip, ID and the latest statement of all your debt. Key 2 Debt Freedom will do an initial assessment to check that you are over indebted then Key 2 Debt Freedom will set up a consultation with you. This could be a face to face consultation at one of our branches or a telephone consultation. During the consultation Key 2 Debt Freedom will verify your budget and your existing debt commitments. A new budget will be agreed and the amount available for debt repayment will be determined. Key 2 Debt Freedom will also provide you with details of all the costs as well as an interim repayment plan. This is when you officially apply for Debt Counselling. Key 2 Debt Freedom will contact all your Credit Providers as well as the Credit Bureaus to verify your debt. You will also be listed on the Credit Bureaus that you are under debt counselling. This listing will stay there until you have paid everything off, then it will be completely removed. Key 2 Debt Freedom will, where possible, negotiate a proposal with all your Credit Providers. The Credit Providers may accept the proposals and if all of them do, then a Consent Order will be obtained from a Magistrate Court. If one or more of the Credit Providers do not accept the proposed repayment plan Key 2 Debt Freedom will submit a proposal to the Magistrate for a decision. Key 2 Debt Freedom will provide you with a final repayment plan and this repayment plan is also submitted to a National Payment Distribution Agency (NPDA). The aim of this is to collect a single payment from you and ensure that the correct amount is paid to all Credit Providers on a monthly basis. This will continue until the debt has been repaid.
Opting for DEBT COUNSELLING is a wise choice, we can help YOU
SMS “Help” to 38021 and we will call you back
Call Us Today - 086 7227 563 or SMS help to 38021 t/c apply
Or Visit our Website @ www.key2debt.co.za
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