Debt Review in South Africa -
Regain Control of Your Finances
ClearMeNow is South Africa’s most trusted debt review specialist, helping thousands of South Africans reduce debt, protect their assets, and restore financial freedom.
What is 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 designed specifically for over-indebted South Africans. Unlike debt consolidation loans—which add more credit to your burden—debt review restructures your existing debts into one affordable monthly repayment without taking on new loans.
Key Benefits of Debt Review
- Immediate legal protection from creditors
- Reduce monthly payments by up to 50%
- Lower interest rates on unsecured debt
- Protect your home, car, and valuable assets
- Clear credit record upon completion
- No additional credit or loans required
Who Qualifies for Debt Review?
If you earn a monthly income but are struggling to keep up with debt repayments, you likely qualify for debt review—even with a poor credit record.
How Does Debt Review Work?
From Overwhelming Debt to Financial Freedom in 7 Simple Steps:
- Free Consultation – Our debt review experts assess your financial situation.
- Application Process – Complete Form 16 to start the process.
- Creditor Notification – Legal protection from creditors is activated immediately.
- Payment Restructuring – We negotiate reduced monthly instalments that fit your budget.
- Single Payment Plan – Pay one affordable instalment via a Payment Distribution Agency (PDA).
- Court Order – Magistrate’s court approves your new repayment plan and protection.
- Debt Freedom – Enjoy a clear credit record and financial independence.
