Debt Counselling Port Elizabeth

Debt Counselling Port Elizabeth with an industry leader. SDC is a Top 5 Debt Review Awards company, providing trusted debt relief services to clients in Port Elizabeth and across South Africa.

The Province with the Lowest Average Income in South Africa

According to the statisticians, living in Port Elizabeth isn’t necessarily all that expensive when it comes to major expenses, such as rent. In fact, only 17% of the average income in PE is spent on rent, in comparison to 38% in Cape Town.

Unfortunately, the lower cost for housing makes little difference when the earning potential in Port Elizabeth, and the Eastern Cape province as a whole, is ranked lowest in the country.

Individualised Debt Help Services in Port Elizabeth

Port Elizabeth, officially renamed Gqeberha, is the most populous city in the Eastern Cape province. Nearly 1.2 million citizens reside in the city’s urban core. PE has the third largest seaport in the country and is wrapped by nearly 40 km of coastline, including coveted Blue Flag beaches. This leaves much to do in terms of water sports, a costly pastime that mostly come at a premium to maintain.

The Friendly City is also home to the Nelson Mandela Bay Stadium, which hosted the 2010 FIFA World Cup, along with the 2013 Cup of Nations. If you’re a tourist or your pocket allows, there is much to do in terms of museums, private game reserves – and for those enamoured with art and heritage, hitting the Route 67 hub.

What Do You Do When Your Expenses Exceed Your Income?

Finding the best debt restructuring company should be your first port of call. SDC is here to assist by offering the NCR debt review process as a safe option to consolidate your debt with legal protection. As national debt counsellors with a reputation built on trust, you can’t go wrong by choosing us.

How Does Debt Counselling Work?

The debt counselling process is designed for individuals who are over-indebted. It entails consolidating your debt and restructuring the amounts into one affordable monthly payment.

An NCR registered debt counsellor will negotiate a new payment plan with your credit providers, lowering your instalments and interest rates and ultimately freeing up much needed cash.

The process is overseen by the National Credit Regulator and offers consumers protection from any further legal action from creditors.

From the moment you become our client, you’ll be protected by the National Credit Act. We’ll cover the entire process with you during your free initial assessment.

Let's Answer Some Frequently Asked Questions

Who qualifies, and which debts are covered?

You need a steady income and must be over-indebted. Most credit agreements are covered, like credit cards, store cards, personal loans, and vehicle finance. Home loans can be included. Debts already in advanced legal action, municipal bills, SARS tax debts, and some fines sit outside the process. Your debt counsellor will confirm what can and cannot be included.

What happens to my credit record?

Your profile is flagged “under debt review,” and you cannot take new credit. After you finish the plan, or bring all short-term debts to zero and your bond is up to date, the counsellor issues a Clearance Certificate. The bureaus must remove the flag, and your payment history updates to show settled accounts.

What is debt counselling and how does it work?

Debt counselling is a legal process under the National Credit Act. A registered debt counsellor checks your budget, confirms you are over-indebted, and proposes a new payment plan. Your many debts turn into one monthly payment through an approved Payment Distribution Agency (PDA). The plan goes to the Magistrates’ Court or the National Consumer Tribunal for a consent order. Credit providers then get paid each month from your single payment.

Are creditors stopped from suing or calling me?

Once you apply, the debt counsellor sends formal notices to your creditors and the credit bureaus. Collection calls should drop. New legal action on included debts is paused while the court or Tribunal considers your matter. If you miss payments later, a creditor can move to end the review and restart legal steps. Keep up the agreed payment to stay protected.

Can I keep my car and home?

Yes, if the car or bond is in the plan and you pay the new instalment each month. Repossession risk arises if you miss payments or drop out. Tell your counsellor at once if your income changes so they can try to adjust the plan before arrears build up.

Get Started with Sandton Debt Counselling Today

Call us today: 087 550 11 22

Email us: help@sandtondc.co.za

If debt is impacting your financial stability, the time to act is now. Our professional team is here to guide you every step of the way.