Debt Relief Services in South Africa
ClearMeNow offers a full range of debt relief solutions, including Debt Review, Debt Counselling, Debt Mediation, and Debt Review Removal. Our goal is to help you regain control of your finances, protect your assets, and restore your financial freedom.
Debt Review
The Legal Path to Debt Relief That Works
Debt review, also known as debt counselling, is a regulated process under the National Credit Act (NCA) designed for over-indebted South Africans. Unlike debt consolidation loans that add more credit to your burden, debt review restructures your existing debts into one affordable monthly repayment—without taking on more debt.
Who Qualifies for Debt Review?
If you earn a monthly income but struggle to meet your debt obligations—even with a poor credit record—you likely qualify for debt review.
Key Benefits of Debt Review:
- Free no-obligation debt assessment
- Full legal protection from creditors under the NCA
- Reduce monthly payments by up to 60%*
- Protect your home, car, and valuables from repossession
- Lower interest rates on unsecured debt
- Clear credit record upon completion
- One affordable monthly payment instead of multiple debts
- No additional loans or credit required
How Debt Review Works
From Overwhelming Debt to Financial Freedom in 7 Steps
- Free Consultation – We assess your financial situation.
- Application Process – Complete Form 16 to begin.
- Creditor Notification – Legal protection begins immediately.
- Payment Restructuring – We negotiate reduced instalments.
- Single Payment Plan – One monthly instalment via PDA.
- Court Order – Protection confirmed through magistrate’s court.
- Debt Freedom – Clear record and financial independence.
Debt Counselling
Professional Guidance for Lasting Financial Recovery
Debt counselling is the professional service provided by registered debt counsellors to guide you through the debt review process. Our counsellors negotiate with creditors, provide financial guidance, and support you until you are debt-free.
What Our Debt Counsellors Do:
- Conduct comprehensive financial assessments
- Negotiate affordable repayment terms with creditors
- Provide ongoing financial guidance
- Handle all creditor communications
- Track your progress until completion
Debt Consolidation
Choosing the Best Debt Solution
Debt consolidation loans are often unsuitable for over-indebted consumers, as they involve taking on more credit at high interest rates and provide no legal protection from creditors.
Why Debt Review is Better:
Example:
- Original Payments: R7,056/month
- Consolidation Loan: R5,432/month (still unaffordable + more debt)
- Debt Counselling: R3,600/month (affordable + legal protection)
Debt Mediation
Flexible, Out-of-Court Debt Relief
Debt mediation is an informal negotiation process with your creditors to lower repayments without a court order. It’s ideal if you don’t qualify for debt review but still need financial relief.
Who Qualifies?
If you’re behind on payments but not yet over-indebted, or prefer a less formal alternative, mediation could work for you.
Benefits of Debt Mediation:
- Lower monthly repayments
- No court process or legal fees
- Keep your credit record intact
- No new credit or loans required
- Quick, flexible solution
How Debt Mediation Works:
- Free financial assessment
- Negotiation with creditors
- Affordable revised payment plan
- Ongoing support until you recover
Debt Review Removal
Restore Your Credit Profile & Opportunities
If you’ve completed debt review but still have lingering credit records affecting your score, our removal service can help clear them sooner.
Benefits of Removing Debt Review Records:
- Higher credit scores
- Better interest rates
- Improved job and rental prospects
- Access to premium credit products
- Complete financial rehabilitation
How Debt Review Removal Works:
- Assess eligibility for removal
- Develop a personalised removal strategy
- Manage and monitor progress
- Update credit reports with cleared status
Loans
Responsible Lending for Financial Recovery
In certain cases, a well-structured personal loan can help manage existing debt or fund important expenses. ClearMeNow partners with trusted lenders to ensure responsible lending that supports your path to financial recovery.
Summary Table
Term
- Debt Review
- Debt Counselling
- Debt Consolidation
- Debt Mediation
- Debt Review Removal
Legal?
- Yes
- Yes
- No
- No
- Yes
Protects from Creditors?
- Yes
- Yes
- No
- No
- Yes
Requires Court Order?
- Yes
- Yes
- No
- No
- Yes
Affects Credit Record?
- Yes
- Yes
- Yes
- Yes
- Yes
New Loan Involved?
- No
- No
- Yes
- No
- No
