Debt Management
Drawing on our expertise, we will work out a debt repayment plan that you can afford. You will then use this plan to negotiate payment terms with your creditors. With this "no debt" tailor-made solution, you will feel your debt induced helplessness and despair slip away, leaving you smiling, encouraged and in control.
Read moreDebt Counselling
This is the formal debt rehabilitation process as provided for in terms of the National Credit Act.
Read moreDebt Consolidation
This is our solution to simplifying the debt itself. In simple terms, our Debt Consolidation service involves converting all your small debts into one or two larger debts and in so doing, reducing the cost of the debt to you and the number of creditors you will need to deal with.
Read moreDebt Mediation
Should you enter this voluntary program you could almost certainly benefit from a rescheduling of repayment terms, a reduction of interest rates and fees as well as temporary payment holidays which would all go some way to putting you back in control.
Read moreInsolvency
Sequestration (personal insolvency) may be appropriate where you have a large amount of debt that will take a very long time to repay, but it is a drastic measure as it adversely affects your status and your ability to get credit in the future.
We suggest this as an absolute last resort and feel it is a step to be avoided, if at all possible. We will help you explore alternatives by using our expertise. If there are no alternatives and as a last resort insolvency is the next step, we will walk it with you, guiding you along the way.
Administration
As ProDC, we work closely with attorneys who can take full instructions and bring an application in terms of Section 74 of the Magistrates Court Act 32 of 1944.
This is appropriate where the limit of your debt does not exceed R50,000.00 and under this application you may receive a measure of protection from your creditors, although you do remain under administration until all debts are settled. The costs are relatively high when compared to the debt review process, which is to be preferred.
