DEBT COUNSELLING

DEBT COUNSELLING

Debt Counselings occur when we review your debts and make recommendations on how to restructure your debt and the re-payment thereof. We then proceed to renegotiate with your creditors on your behalf and eventually request a Debt Review order to be issued by the relevant Magistrate's Court.

We use our exclusively developed software to project the effect of your monthly instalments on your debt repayment and the most effective way to structure your payments. Even though your payments will be channelled through an independent distribution agency, we will continue to monitor the payments on your behalf.

You will receive bi-monthly reports on your case, as well as our recommendations to assist you in clearing your debt even sooner, should you choose to follow our advice.

This is only one of the debt solutions options we offer our clients. The one advantage of this option is that there is no maximum limit on the amount of debt that may be included and secondly, it does not exclude any type of debt.  

At Grobler Malope Inc we assist our clients who wish to pursue this option with everything from drafting the application to accepting the appointment as your Debt Counsellor until your accounts have been paid in full.

The entire process is relatively easy and simple: 

  1. We supply you with a questionnaire which you need to complete as thoroughly as possible before you return it to us. 
  2. We will analyse it to ensure this is indeed the correct and most feasible option for you. 
  3. One of our attorneys will contact you to discuss any questions or queries you might have and provide you with a quote for our services. 
  4. Once you confirm our instruction to proceed and effect payment of our required deposit, the application will be drafted and sent for your approval. 
  5. We will inform creditors of the application and relevant court date. 
  6. Once the order has been granted, all your creditors will be sent a copy and be informed that in the future, they must deal with us as your appointed Debt Counsellor. 
  7. The monthly installments will be collected from you via the distribution agency which will then tend to the payment of your accounts as per the debt repayment plan. 
  8. Once all your accounts have been paid in full, a certificate will be issued and the Debt Review will lapse.

For more information, either contact us or click on the link below which will take you to our Article Division in which this topic is covered much more comprehensively.