DEBTCOM

DEBTCOM

ARE YOU LIVING BEYOND YOUR MEANS !!!

DEBTCOM

WELCOME TO DEBTCOM 

Debt is quickly becoming an epidemic affecting people of all incomes and backgrounds and when it comes to the workplace, can result in low morale, increased stress levels, creditor's calls to the office and a dramatic fall in the productivity of staff.

DEBTCOM offers comprehensive, highly effective debt solutions; we also specialize in counseling groups about debt. So if you think your employees may benefit from talking to us, get in touch and arrange for us to come in and see your staff or CALL US TODAY to discuss your individual requirements.

We have Debt Counselors that are fully qualified and compliant with the National Credit Regulator (NCR).

DEBTCOM

ABOUT USDEBTCOM is a locally based empowered organization formed in 2008; Our Debt Counsellors has extensive experience in seeking resolutions for the consumer.DEBTCOM believes that new beginnings are possible. With a nationwide team dedicated to build bridges of hope every day, we offer assistance through all the stages of your application ensuring that the best possible settlement is negotiated on your behalf.DEBTCOM is the leading provider of free and impartial debt advice and counseling on debt problems, with over 5 years experience in the debt counseling and finance sectors.The stress of having a debt problem alone can leave you confused as to where to go for help.DEBTCOM is here to give you free advice regarding your debts and help you to resolve these with a minimum of fuss at what can be a very stressful time.We have a solution to help all our clients and our number one goal is to help you to solve your debt problems once and for all.The South African government legislated the NATIONAL CREDIT ACT, 34 to promote a regulated, fair and transparent credit market. The act protects consumers from reckless lending and provides over- indebted consumer with a mean to pay off their debt in a responsible and affordable manner hence the need for certified debt counsellor like DEBTCOM services to act as mediator between the consumer and the credit providers in arranging debt repayment plans.The capabilities of DEBTCOM are in line with the Act and this is matched by extensive experience in the mediation process. The first step towards financial recovery is recognizing the problem. At DEBTCOM we believe in making a difference for we not only assist you in making that first step but we believe in walking the entire journey with you with our exceptional after-care service.DEBTCOM ensures that you receive professional and appropriate advice at all times during your debt review process. We empathetic to each individual client in offering them appropriate budgetary advice thereby allowing our clients the necessary time to change their behavioural patterns in moving towards financial freedom.In Making a difference, to our clients that are continuously being harassed from creditors, that are stressed from drowning/trapped in debt and wanting to make a change financially for the better but do not know how to, we believe our personal one-to-one confidential service is the key to placing you on the financial road to recovery.Recent stats reveal that approximately 8 000 vehicles are being repossessed every month and many more houses being repossessed from over-indebted consumers. DEBTCOM offers consumers the protection in terms of the NCR Act to help save your possessions in order for you to continue with your way of life whilst you are rehabilitated.You are more than a case number to us. Allow us to make a difference to your life.

DEBTCOM

DID YOU KNOW?THE NATIONAL CREDIT ACT 34 OF 2005 The national credit act is regarded as the consumer legislator.Its purpose is to protect consumers and to regulate the Credit Providers, Credit Bureaus and Debt Counsellors SECTION 86 OF THE NATIONAL CREDIT ACT 34 OF 2005

GIVES OVER INDEBITED CONSUMERS A RIGHT TO APPLY FOR DEBT RESTRUCTURING. Your Rights Are:

Right to apply for creditRight to apply for debt counsellingRight for reasons for your credit being refusedRight to access and challenge your credit recordsRight to a free credit report once a yearRight to settle earlier without paying a fee. The Act Protects You From: High interest calculationUnfair debt enforcement proceduresUnlawful chargesReckless lendingLegal action

ARE YOU EXPERIENCING ANY OF THESE ???.....

IS YOUR STRESS HAVING AN IMPACT ON YOUR FAMILY LIFE, WORK LIFE OR LIFE ON A WHOLE???

DO YOU FEEL …• MOODY . ANXIOUS• SCARED . HEADACHES• FEEL DEPRESSED . FEEL ISOLATED• FEEL LIKE YOU ARE UNSOCIABLE . LOSS OF

APPETITE• FEEL IRRETABLE . FEEL UNHAPPY• FEEL LIKE THIS IS THE END OF THE ROAD NOT TO LIVE• FEEL ALL ALONE . ANGRY• FEEL LIKE CRYING . TRAPPED

ARE YOU GETTING CALLS ??? ARE YOU GETTING CALLS ??? BANKS CREDIT CARDS MOTOR VEHICLE HOMELOAN PERSONAL LOANS CELL PHONE CONTRACTS STORE CARDS ( EDGARS, TRUWORTHS, WOOLWORTHS, ETC) COLLECTIONS AGENCIES / DEBT COLLECTORS (MBD Attorneys, etc) ARE YOU AVIODING PRIVATE PHONE CALLS SCARED IT MIGHT BE

CREDITORS ARE YOU??? GETTING SUMMONS AND YOU DO NOT KNOW WHAT TO DO ABOUT IT HAVING PEOPLE COME TO RE-POSSESS YOUR MOTOR VEHICLE IS YOUR??? HOUSE GOING TO BE REPOSSESED

SOME FACTS ! ! !

ARE YOU EARNING TO LITTLE TO PAY ALL YOUR MONTHLY BILLS EVERY MONTH

ARE YOU OVER INDEBTED IF YOU PAY YOUR ACCOUNTS YOU CANNOT BUY FOOD AND NECESSITIES AND

GIVE YOUR KIDS WHAT THEY NEED ARE YOU STRUGGLING TO MEET YOUR OBLIGATIONS EVERY MONTH IN SHORT, WHEN YOU STRUGGLE TO MEET ALL YOUR DEBT REPAYMENTS ON

TIME; OR IF YOU DO NOT HAVE ENOUGH MONEY LEFT AFTER PAYING ALL YOUR

ESSENTIAL LIVING COSTS TO PAY YOUR DEBT, YOU ARE OVER-INDEBTED ANY CONSUMER WHO IS OVER-INDEBTED CAN APPLY FOR DEBT REVIEW.

ACCORDING TO THE NATIONAL CREDIT ACT, A CONSUMER IS OVER-INDEBTED WHEN HE/SHE IS UNABLE TO SATISFY IN A TIMELY MANNER ALL HIS/HER OBLIGATIONS UNDER ALL HIS/HER CREDIT AGREEMENTS (AFTER PAYING HIS/HER BASIC LIVING COSTS).

What do I do???

IF YOUR ANSWER IS TO ANY OF THOSE QUESTIONS

THE MAIN CONTRIBUTING FACTORIS

FINANCE

YES

YOUR SOLUTION IS…

YOUR BENEFITS BEING WITH DEBTCOM

You will have PEACE OF MIND We will take care of your summons and legal letters for you No more worry about any collection agency calling you anymore We will take care of all your creditors, you wont get any threatening calls or

letters anymore You don’t have to worry about your motor vehicle or house being taken away by

the bank You can answer your phone with ease as you wont be avoiding calls as Debtcom

will take care of that for you You just make one payment to the PDA and all your accounts are paid, no

standing in any long queues to pay your bills You will have extra cash for the things you couldn’t afford before You can now pay what you can afford to pay your creditors You don’t have to worry about getting any garnishee on your salary You wont be getting any more legal letters or legal action cannot be taken against

you once you are under debt review You are PROTECTED by the NCR Your creditors will have to accept the amount that is proposed to them, or else a

court order will be issued

DEBTCOM ‘S ADDED SERVICE TO YOU

DEBTCOM has a free legal

(DEBT REVIEW) ADVICE LINEOperating hours

MON-FRI 9am to 9pmSAT 9am to 1pm

081 405 6883

THE STEPS TO DEBT REVIEWStep 1 DEBTCOM will contact you to arrange a confidential debt

counseling session DEBTCOM will do an assessment to see if you qualify for debt

reviewStep 2 DEBTCOM will request documents from you, which are : copy of

ID Copy of ID of Spouse Salary slips All statements of accounts Your monthly budget detailing all household expenses Details of dependents and ages and names Contact details Employment details

STEPS

THE STEPS TO DEBT REVIEWStep 3 DEBTCOM will load you on the System We will send out form 17.1 notification to all credit providers

that you are now under debt review The credit provider has 5 days to come back to DEBTCOM with

a COB (Certificate of balance) Showing the outstanding amount of the consumer and the rate

of interest. Thereafter DEBTCOM will be able to do a Proposal to all the

creditors proposing an amount that is Affordable to the you/client The proposal is sent to each creditor and they have 10 days to accept

the proposal or reject it, in the meanwhile DEBTCOM engages the in-house attorney to get court orders for each creditor to accept the proposed amount.

The entire process takes 60 days to finalize & payment to commence.

ARE YOU OVER INDEBITED

*HOMELOANS*VEHICLE FINANCE

*STORE CARDS / CREDIT CARDS

*PERSONAL LOANS*SUMMONS, *LETTER OF DEMANDS,

PENDING *LEGAL ACTION,

*PHONE CALLS FROM CREDITORS

DEBTCOM WILL START THE PROCESS

*SEND NOIFICATION TO

YOUR CREDIT PROVIDERS ( 17.1)*DEBTCOM WILL

MAKE ASSESSMENT

WITHIN 30 DAYS*FINALIZE WITHIN

60 DAYS.....

ON THE ROAD TO FINANCIAL FREEDOM

* ONE EASY PAYMENT TO THE

PDA....*START PAYING

YOUR CREDITORS.....

* LEAVING YOUR CREDITORS TO US TO WORRY ABOUT

*STRESS FREE, *HAPPY LIFE,

*YOU CAN SLEEP PEACEFUL AT

NIGHT, *EXTRA CASH IN YOUR POCKET

* NO MORE THREATENING

PHONE CALLS..........

STEPS

NEW BEGININGS

FAQ’SWHAT IS DEBT COUNSELING? Debt Counseling is a solution for over-indebted borrowers that

ensures sufficient protection against loss of assets and assists with the restructuring of debt that the consumer can meet his/her basic living expenses. Debtcom negotiates with the credit providers on your behalf to arrange an affordable payment amount.

WHAT DOES IT MEAN TO BE IN DEBT? Being over –indebted simply means that you don’t have enough

funds to pay other financial responsibilities once you have paid for your necessities, and if you happen to be a living breathing ad eating human being in today's world then it means that you are in no doubt managing some form of debt.With loans a, credit cards and accounts being so easily available it Is easy to find yourself buried n debt before you realize it.

FAQ’SWHAT DEBTS ARE INCLUDED ?All credit agreements with credit providersThis included : Home loans Vehicle finance Store cards (EDGAR'S, TRUWORTH’S Woolworths,.etc) Cell phone contracts School fees Credit cards Personal loans Pending legal action, summons, legal letter, pending garnishee, (Providing

NO legal action taken against you already)CAN I APPLY FOR DEBT REVIEW IF I AM UNEMPLOYED?NO YOU CANNOT, because you do not have an income to pay your

creditors

FAQ’SCAN A CONSUMER SEE DEBTCOM IF THEY HAVE A LETTER OF DEMAND

OR SUMMONS? Yes, a consumer should contact DEBTCOM urgently if they receive

summons or legal letter, as DEBTCOM can make arrangements on a letter of demand/summons or warrant of execution, BUT IF JUDGMENT is already been taken then there is nothing that can be done,.

Letter of demand you have less than 20 days to see a debt counselor for help

Summons you have 7 days to see a debt counselor

MUST I CONTINUE TO PAY MY CREDITORS ONCE I HAVE APPLIED FOR DEBT REVIEW ?

Yes, the creditors cannot take legal action for 60 days once you apply for debt review, however you must continue to make payments.

WHAT IF THE CREDIT PROVIDER DOES NOT ACCEPT MY PAYMENT ARRANGEMENT ?

All applications are referred to the to the court for court orders to be granted should a creditor refuse the arrangement.

FAQ’S• WHY DEBT COUNSELLING?• The debt counselling process is a very powerful process introduced by the National Credit Act to

help over-indebted consumers. The main purpose of the act is to help you, the consumer. This process also provides immediate protection against legal actions and blacklisting. DEBTCOM negotiate with your credit providers on your behalf to arrange an affordable payment amount

• WHEN CAN I APPLY FOR DEBT REVIEW?• Any consumer who is over-indebted can apply for debt review. According to the National Credit

Act, a consumer is over-indebted when he/she is unable to satisfy in a timely manner all his/her obligations under all his/her credit agreements (after paying his/her basic living costs).

• In short, when you struggle to meet all your debt repayments on time; or• If you do not have enough money left after paying all your essential living costs to pay your debt,

you are over-indebted• YOU CAN APPLY WHETHER YOU ARE:• Blacklisted or not; or• Whether you are in arrears or not• TYPICAL SIGNS OF OVER-INDEBTEDNESS INCLUDE: • You receive threats because of arrears on instalments, for example:• Letter and notices• Phone calls from creditors• When you borrow on a regular basis from micro-lenders/cash-loans• When you have garnishee orders against your salary• When you are using a credit card to buy groceries or to pay other basic living cost, debt and

instalments

FAQ’SIS MY MONEY SAFE?• ABSOLUTELY. At no stage during the process do we (or anybody else) have

access to your money. Your money is paid directly to the NCR accredited Payment Distribution Agent who in turn distributes the funds to your creditors.

WILL MY EMPLOYER AND WORK COLLEAGUES FIND OUT?• No. All your information is treated with the utmost confidentiality.

ONCE I’VE CLEARED ALL MY DEBT WILL YOU REMOVE MY NAME FROM THE CREDIT BUREAU?

• Yes.

PURPOSE OF DEBTCOMTHE PURPOSE OF DEBTCOM IS TO PROVIDE A SOLUTION TO

ENABLE THE CLIENT IN MEETING HIS/HER BASIC LIVING EXPENSE AND NEEDS….

DEBTCOMTEL: 011 056 5107

CELL: 082 2183 269 / 081 4056 883Email: [email protected]

DEBTCOM

DO YOU HAVE ANY QUESTIONS ???

DEBTCOM

THANK YOU FOR YOUR TIME…..

BEING WITH DEBTCOM THERE IS NO ENDINGS BUT NEW

BEGININGS