ZY Debt Counsellors

08/12/2016

Are you black listed, have judgments, debt review, admin order, defaults or even trace alert?
We can help you clear your name for as little as R240 p/m.

31/05/2016

Are you under any judgement, garnishee or administrators? We can clear your name from all credit bureaus simply call or inbox us

31/05/2016

Are you blacklisted can not get a loan, car finance, open accounts or get home loan we can help clear your name from credit bureau

14/12/2015

call us now!!!

14/05/2015

A very good afternoon, listed below are a few tips & signs of Over Indebtedness. do you find yourself in the very same situation

1) You borrow more money to pay some debts.
2) You skip payments on certain accounts
in order to pay other payments.
3) You can’t pay your bills at the end of each month.
4) You receive letters and summonses from
creditors and possibly lawyers.
5) You are thinking of being placed under
administration.
6) You are thinking about leaving your job leaving your job or
you are suffering from severe depression caused by your financial situation.
• You have judgements against you.

Please feel free to contact us for a free assessment if you feel your are over indebted.

20/01/2015

8 Reasons
Debt Counseling is helping thousands of people every day.

Here's a recap of how We will help you:
We protect you from your creditors.
We create space for Immediate Financial Relief.
We negotiate reasonable pay-off plan with all your creditors.
We consolidate your debt into one affordable installment.
No more harrasing phone calls, or SMS's.
We advice and guide you with our expert Debt Counselors, every step of the way with 100% Confidentiality
You can focus on what matters most, your debt free future.
You become Debt Free.

11/12/2014

The difference between Administration and Debt Counselling/Review

Administration

The administration order procedure is incorporated by the Magistrates' Court Act Section 74 of Act 32 of 1944. An application is lodged in the Magistrates Court. This procedure was designed for individual's who could not be sequestrated. The total debt may not exceed R50 000-00. An administration order in magistrate court does not exclude a sequestration order in other words a person and can still be sequestrated. An administrator is appointed to manage the financial affairs of the debtor. This procedure is for individuals who are in a debt trap. The administrator is only entitled to claim 12.5% of money collected from the debtor as fees and pays pro rata dividends to the creditors every (3) three months, in relation to their claim amount.
Credit agreements cannot be included it`s in future debt.

Debt Counselling and/or Debt Review
(new concepts in South African Law)

The Debt review procedure is incorporated by the National Credit Act Section 86 of Act 34 of 2005 which came in force on 1st of June 2007. An application is lodged in the Magistrates Court. Debt counselling is a type of mediator for over-indebted consumers. A consumer can seek the assistance of debt counselling, or the consumer might be referred by the court to a debt counsellor. Amount my exceed R 50 000.00.

The main purpose of debt counselling is; (1) To assess a debtor's state of indebtedness and to facilitate a monthly debt repayment plan with the credit providers,(2) To make recommendations to credit providers and/or Magistrates' Courts on behalf of over-indebted consumers for a consent order if they have reached an agreement how the debt must be paid back and the term. The debt counsellor assesses a debtor's state of indebtedness, then declares that the individual is over-indebted or not. If the debt counsellor finds that the borrower is not over-indebted, a letter of rejection will be given to the debtor, and credit providers will be allowed to continue with the legal proceedings.

09/12/2014

Here is how we do it!

After signing up for debt counseling with us, Debt Management steps in. Firstly we position ourselves between you and your creditors, protecting you, giving you breathing space to do what you need to do without interuptions or distractions. Our first goal is: to create financial stability for you at home, after all, home is where the heart is.

Through the debt counseling Process, we handle all negotiations with your creditors on your behalf, creating a reasonable pay-off plan, consolidating all your debt into one reasonable monthly installment for you, while keeping your finances stable at home. Your Creditors then recieve the agreed ammounts at a reasonable pace which means, no more harrasing phone calls. Giving you immediate financial breathing space, aswell as ease of mind, One less thing to worry about.

We have a designated Registered Counselor asigned to you, that is only a phone call away. So no matter what happens, there will be someone to guide you through this process every step of the way. From start to finish we will stand next to you, answering your questions, helping you deal with the challenges this process will bring. We have got you covered.

26/11/2014

Debt Review

The Debt Review process helps you manage your money responsibly and may protect you from any legal action that may be taken against you, only in the event that a proposed repayment plan is agreed on between you and your creditors.

You can apply for debt review with the help of the National Credit Regulator.

The National Credit Regulator will refer you to a registered Debt Counsellor in your area, who will assess your financial situation and help you take correct steps to reduce your financial burden.
The Debt Counsellor negotiates with all your creditors to reach an agreement with them regarding a repayment proposal. If you qualify you will be officially placed under debt review.

19/11/2014

let us help you protect your assets (car, home, business & etc) against:
Auction
Repossession
&
Laqhasha (Creditors)

06/11/2014

We stand between you and your creditors, taking over all negotiations. No more harassing Phone Calls.
We reduce your over-all monthly payments, to an affordable solution that fits your wallet by Up to 50%
You will get access to a certified Credit Counsellor, that can give you expert advice & guidance every step of the way. FREE YOURSELF FROM THESE CHAINS. sms "ZY Debt" on 43366

29/10/2014

Visit www.zydebt.co.za

Accurate Strategy & Solution: Building The purpose is to assist the over-indebted consumer that is likely to experience difficulty in meeting all their obligations under credit agreement in a timely manner, If you are not over-indebted, we can assist you in managing your current financial position,…