South Africans Are Turning to Debt Counselling – And Why It Matters Who You Trust

South Africans are feeling the squeeze.

Debt is climbing, interest rates are biting, and more and more people are looking for help before things spiral any further.

Debt counselling is no longer a last resort it’s a smart move and it’s growing for a reason.

The Numbers Don’t Lie

Recent data from IDM Group’s Q4 2024 Debt Index paints a clear picture.

Debt counselling enquiries are up 8 percent
Online debt management demand is up 9 percent
The average consumer’s debt now sits at 113 percent of their annual income

That means many people owe more than they earn in a year.

Scary stuff.

And it’s not just long term loans either.
A whopping 82 percent of applicants had personal loans.
Another 52 percent were juggling one month loans.

That’s a sign of people using short term credit just to keep their heads above water.

Why Debt Counselling Works

Debt counselling was brought in under the National Credit Act 34 of 2005.

It’s a legal and structured way to get back in control of your money.

Here’s what makes it so effective:

You’re legally protected
No more sleepless nights worrying about repossessions or harassment from creditors.
One affordable monthly payment
Your debt counsellor restructures everything into a manageable amount that suits your budget.
Lower interest and reduced fees
Good debt counsellors will negotiate with your creditors to bring your payments down.
You keep your assets
Debt review is built to help you keep what matters most – your home, your car, your peace of mind.
You learn smart money habits
It’s not just about getting out of debt. It’s about staying out.

But Here’s The Catch

Not all debt counsellors are created equal.

Choosing the wrong company can slow you down.
Or worse – leave you in more trouble than you started with.

That’s why working with a reputable firm like Sandton Debt Counselling matters.

Why Sandton Debt Counselling?

Sandton Debt Counselling (SDC) has over 13 years of experience in helping South Africans break free from debt.

They know the system.
They know the law.
And they know how to get results.

Here’s what makes them stand out:

Personalised financial assessments
No cookie cutter plans – you get something that fits your situation
Full protection from creditors as soon as you apply
That means no more threatening calls or letters
Transparent communication every step of the way
You always know what’s happening with your case
Real education for long term change
They teach you how to stay in control even after the debt is gone

It’s this kind of support that makes the difference.

Because getting out of debt is hard enough.

You shouldn’t have to worry about whether your counsellor is doing their job too.

What you have learned:

Debt in South Africa is climbing fast.
But there’s a proven way out.

Debt review works.

And with a trusted partner like Sandton Debt Counselling, you’re not just getting a service.
You’re getting a fresh start.

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Some FAQ's Answered

What is debt counselling?

Debt counselling is a legal process where a registered debt counsellor helps you restructure your debts into one affordable monthly payment.

Is debt counselling right for me?

If you’re struggling to meet your monthly payments or using loans to cover your basic living expenses, then yes – debt counselling could help.

Do I lose my car or house under debt review?

No. In fact, one of the benefits of debt review is that it helps protect your assets from repossession.

Can I trust online debt counselling services?

Only if they’re registered with the National Credit Regulator. Always check credentials – and stick with names like Sandton Debt Counselling.

How long does the debt review process take?

It varies depending on your debt, but most people complete the process within 3 to 5 years.

Will being under debt review affect my credit score?

Yes – you won’t be able to take on new credit during the process. But that’s part of the point: it helps you focus on clearing your current debt first.

What happens when my debt is paid off?

Once you’ve settled all your debts under review, you’ll receive a clearance certificate, and your credit profile will be updated to reflect that.

Choosing the right help is just as important as asking for help in the first place. If you're thinking of starting the journey, start with a name you can trust: Sandton Debt Counselling.