What is Debt Review?
Debt review is a legal process in South Africa, established under the National Credit Act (NCA), and it is specifically designed to assist consumers who are struggling to repay their debts. Through this process, you gain breathing space from relentless creditor pressure, while at the same time ensuring that your assets are protected. At DCGsa, our goal is not only to guide you through each step but also to help you steadily work towards a debt-free future — all under the expert care of our NCR-registered Debt Counsellor, Casper le Grange.
Debt Review Gives You Legal Protection Against Creditors
Once you enter debt review, your creditors cannot take legal action against you for unpaid debts (as long as you make your agreed repayment). All credit provider communication must go through us. This means no more threatening calls or letters, giving you peace of mind from the very beginning.
How Debt Review Works
The process begins when you apply with DCGsa. We:
You pay a single reduced instalment every month through a Payment Distribution Agency (PDA). From there, the funds are securely distributed to all your creditors, and at the same time, you receive a monthly Distribution Statement. This way, you can clearly see how much each credit provider has been paid.
What Debts Are Included under Debt Review?
Debt review covers most credit agreements, including:
It does not cover monthly living expenses (groceries, school fees, insurance, etc.), but by reducing your debt repayments, debt review frees up more money for these essentials that we assist you in budgeting for so you are not left wondering how to get through a month.
Debt Review End Goal: Debt Freedom
Debt review is not permanent. Once your repayment plan is complete, you’ll receive a clearance certificate that confirms all your debts have been paid off (or paid as agreed). At this point, the debt review flag is removed from your credit profile, and you’re free to take on credit again — this time with a clean slate.
Casper le Grange explains it clearly:
“Debt review is not about restricting you; instead, it’s about protecting you. In addition, it helps you rebuild your finances, and ultimately, it gives you back full control of your life.”
Debt review is a legal and structured process that not only protects you from creditors but also reduces your monthly repayments. As a result, it helps you pay off debt in a safe and at the same time affordable way. With DCGsa — and more importantly, with the personal guidance of Casper le Grange — you gain both the expertise and the support you need to finally become debt free.
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