Debt sneaks up on you like calories in a takeaway meal, this is not a myth.
One minute, you are fine and the next, your bank account is on life support, and every unknown number feels like a personal attack.
People love throwing around myths about debt review, so let’s clear things up, fast.
Reality: Nope. You do not have to be down to your last penny to qualify.
Debt restructuring is for anyone struggling to keep up with payments before things spiral.
It helps you pay less every month, protects you from legal action, and stops creditors from breathing down your neck.
Think of it like fixing a leak before the whole house floods.
Reality: Wrong. Debt review is not a permanent black mark, it is a reset button.
Once you have settled your debts, you get a clearance certificate. This wipes the status flag off your credit record.
You are not “banned” from credit. You are just hitting pause until you are back on solid ground.
Reality: They would actually rather have you pay the reduced instalment than not paying at all.
It guarantees they get their money, just in a way that does not wreck your life.
Also, our process is legally regulated, so everything is fair and above board.
Reality: Quite the opposite. Your assets will be protected under the National Credit Act.
Your instalments are restructured to an amount you will be able to afford. And you can keep paying the more affordable amount without banks knocking at your door.
As long as you stick to the plan, your house stays yours, and your car does not suddenly disappear from your driveway.
Reality: The fees are regulated, and they are built into your repayment plan.
Compare that to the stress, high interest, and late fees of not going through the process, it is not even a debate.
Lower payments, no more collection calls, and a real plan to become debt-free?
Worth it.
Reality: While you are under debt review, you cannot take on new credit, because that is the whole point.
But once your debts are cleared? You can apply for new credit.
Even better, your credit score will actually improve since you have shown you can manage debt properly.
Debt review is not some financial prison,it is a way out.
It helps you take control, not lose it.
It protects your assets, not takes them away.
It is a fix, not a failure.
At SDC, we make the process easy, no legal jargon- unless you're a credit provider☺ No nasty surprises. Just a solid plan to get you back on track.