Debt Budget - Products
Debt Advisement
Send an e-mail enquiry to Debt Budget
The Debt Counsellor will assess whether the consumer is over-indebted. If this is so, he will negotiate with all of your existing creditors on a payment plan. Once the agreement amongst all of the credit providers are accepted, the new payment plan is made and a Court order is obtained. Your agreed new monthly instalment is then made to a PAYMENT DISTRIBUTION AGENCY (PDA), each month and they distribute it to the various nominated creditors. You may not pay creditors directly. All credit arrangements may be included such as your Mortgage Bond, Motor Vehicle Finance, bank loans, store cards. Your name will be flagged at the various credit bureaux, which will prevent you from incurring any further debt.