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Debt Reduction services in South Africa

by | May 16, 2022

Reducing your debt doesn’t have to be hard

If you are struggling with debt and you don’t understand all the legal jargon, then our experienced team of lawyers will help you. We are here to protect your rights and give you peace of mind. Debt collectors can be very intimidating and they often use threatening tactics like calling your friends or family members to get information about where you live, what car model or make that you drive, etc. You may even see them following a debtor around town just so they can find out who they are and what assets they own. All of these things are illegal!

The best way to deal with this is by contacting us so we can put a stop to it before it gets out of hand. Our debt review process (which is a better solution and not debt review) stops all legal action against clients. This means that any court proceedings against clients cease immediately here at Real Estate Assist. No further contact from creditors will be made after a time period has elapsed due to strict privacy laws here in South Africa regarding credit information sharing amongst different agencies such as banks etcetera…

Debt reduction services

Debt reduction services are a new way for people to get out of debt. The process takes place with the help of investors who buy your debt, and then you settle the outstanding balance with them. Debt reduction services are a great option if you want to do something about your debts without having to go through a lengthy and expensive debt review process.

Who is it for?

Debt reduction services can be used by anyone who wants some relief from their debts – whether they have one or many different types of unsecured debt and whether they have an existing home loan or not. If you own property, we can take care of your equity in that property and ensure that it is protected while making arrangements with investors so that they will purchase all or part of your debt from you on an open market basis. This means that there will be no reviews required (or at least very few) before settlement can take place.* How much does it cost?* Pricing varies according to the amount owed but generally speaking clients will receive between 30% – 40% off their total outstanding balance which includes interest charges as well as fees associated with collection agencies etcetera involved in getting someone’s attention when they’re behind on payments.

Real Estate Assist the best Debt reduction services alternative with no upfront costs

If you’re looking for a way to reduce your debt, look no further than Real Estate Assist. We offer the best debt reduction services in South Africa and we can help you with credit card consolidation, bad debts and more.

Our debt reduction services are better than other companies because we don’t charge upfront fees or interest rates – You see how this works out? You save money!

To find out more about how we can help reduce your debts by negotiating with creditors on your behalf, get in touch today by calling us at 0861 000 900 or emailing us at info@realestateassist.co.za

Blacklist protection

In the event that you are blacklisted, this is often due to a failure to pay your bills. When this happens it means that your name, contact information and other details will be listed by credit bureaus. This can affect your ability to obtain loans in the future and may also lead to difficulties when applying for jobs or renting properties.

However, there are some instances where being blacklisted is not as serious an issue as it seems. For example, if you contest a debt with your lender or even if they have incorrectly listed one of their debts on your credit report then they may have no choice but to remove them from the reports altogether. Another possible reason is that there was actually no debt at all owed by yourself but rather someone else who shares similar personal information with yourself such as an ex-partner or parent who has used up funds from joint accounts without paying back amounts owed on time.

Debt reduction is possible, and we can help you.

It is possible to reduce your debt. We can help you become debt-free, and make low monthly payments on the rest of your debts. We’ll also help protect you from legal action that may be taken against you by creditors and banks.

If a paid up asset (such as a house) is included in an insolvency application, it will be sold after three years unless there is an intervention request made by a family member or spouse. The proceeds of this sale would then go towards paying off any remaining debts after other assets have been used to pay for them first.

We offer real estate assistance that allows clients to set aside their property as collateral for financing at competitive rates from some of South Africa’s leading banks and lenders; with Real Estate Assist we can assist clients who are struggling financially through difficult times with securing affordable financing options which enable them to pay off their existing debt without having to sell their homes or properties – giving clients more time at home instead of being out looking for new accommodation options!

Disclaimer: The information provided in this blog is for general informational purposes only and should not be considered legal or property advice. We do not take responsibility for any actions taken based on the information provided in this blog. It is always recommended to seek professional advice for your specific legal or property needs. Contact us (Real Estate Assist) if you seek such advice and we will appoint a professional from our team to be of assistance.

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Please Note: We are unable to provide assistance if you do not own a property. Real Estate Assist specializes in helping property owners who are experiencing challenges with their mortgage payments. If you own a property and require support with debt consolidation without going through the debt review process, our team is here to help you explore options to unlock the equity in your home for necessary family matters.

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