Debtwise Group PTY

   
Debt Wise group have friendly and qualified experts who will listen to your situation and concerns.
   
Debt Wise group is passionate about making a difference in people’s life therefore we will go that extra mile to assist you in debt counseling and protect you by law.
   
We understand that many people feel embarrassed about their debt situation and the fact that they have got into the situation in the first place. We keep your information and debt counseling strictly confidential except from the necessary parties involved.
   
Debt Wise group is a company that focuses on quality of life and making sure that our clients can experience a better quality of life through our debt relief and counseling program.
   
Debt Counselling
According to Section 86 of the National Credit Act, which was approved by Government in June 2007, an alternative to Administration and Sequestration are now available for over indebted Consumers, called Debt Review. Debt Review protects the over indebted Consumer from aggressive Creditors who are quick to take legal action, and are never willing to listen to the Consumers problems or negotiating with the consumer for an affordable solution. In many cases the consumer and the creditor benefits from Debt Counselling.
   
The consumer benefits because he/she gets to pay more manageable monthly payments and the Creditor benefits from not having to take expensive legal action, and in most cases not recovering any debt at all. The Banks are also looking for alternatives to repossession, and regularly don’t want to repossesses your assets unless they don’t have any other choice. The Debt Review process might take some time for the Debt Counsellor to resolve all the Consumers debt problems, but the Debt Review process must be finalized within 60 working days from the date of application. The Consumer is protected against legal action from day one, and all Creditors have to be notified of your application within 5 working days of application, the consumer have to be registered with the NCR(National Credit Regulator) and the Debt Counsellor negotiate on behalf of the Consumer during the 60 day application period.
   
The Creditors is more willing to negotiate with the Debt Counsellor than with the Consumer, because the Creditor will know that the Consumer is truly over indebted and can’t afford the monthly instalments when he/she applied for Debt Review. The Creditor will realize that the Consumer is actively taking steps to repay his Creditors by contacting a Debt Counsellor to assist the over indebted Consumer to structure a repayment proposal, and to manage the Consumers debt. The Creditors are aware that the Debt Counsellors have to work according to the rules and regulations of the National Credit Act, which is regulated by the NCR (National Credit Regulator), and is also there to protect the consumer and his/hers legal rights.
   

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