Negotiations will be made with each creditor, to ensure that your reduced repayment is accepted. We will also negotiate on repayment terms and interest rates up to 0%.
Once negotiations has been finalised, we will approach the court and request that the new repayment arrangement, interest and terms, as accepted by the credit providers are made a legal binding court order. The court order, gives an alternative protection against creditors and ensures that you as the consumer enjoy the benefits of debt review to the fullest.
This is the final step of the debt review process. Once all the debt as been settled in full. Our offices will ensure that the relevant written confirmation is received from each creditor, confirming that your debt has been settled in full. A Clearance Certificate will be issued, declaring that you are no longer over indebted and debt free. The clearance will be sent to the NCR, Credit providers and Credit Bureaus. You will be completely cleared from ITC and can enjoy a debt free journey from now on.
Negotiations will be made with each creditor, to ensure that your reduced repayment is accepted. We will also negotiate on repayment terms and interest rates up to 0%.
Once negotiations has been finalised, we will approach the court and request that the new repayment arrangement, interest and terms, as accepted by the credit providers are made a legal binding court order. The court order, gives an alternative protection against creditors and ensures that you as the consumer enjoy the benefits of debt review to the fullest.
This is the final step of the debt review process. Once all the debt as been settled in full. Our offices will ensure that the relevant written confirmation is received from each creditor, confirming that your debt has been settled in full. A Clearance Certificate will be issued, declaring that you are no longer over indebted and debt free. The clearance will be sent to the NCR, Credit providers and Credit Bureaus. You will be completely cleared from ITC and can enjoy a debt free journey from now on.
All fees that are charged are discussed upfront in consultation, no hidden fees are charged.
The fee structure is explained in detail
You don’t need to worry about paying for our debt counselling fees, as these will be included in your re-organised Debt Repayment Plan and come out of your new lower monthly payment.
We make use of the services of a registered PDA (Payment Distribution Agency) to distribute payments received from consumers to creditors according to the granted Court Order.
We do not receive instalments from consumers and it is, therefore, a trustworthy process, no funds can be misused or stolen.
Once you’ve settled all of your debts, Help-U will issue you with a Clearance Certificate and apply for the debt review court order to rescinded. We will instruct the Credit Bureaus to remove the Debt Review status from your Credit Record. There you have it – DEBT FREE!?
Many consumers who had legal action taken against them, especially with Emoluments Attachment Orders being deducted from their salaries, have approached our company in the past requesting assistance.
Seeing that we were unable to assist these consumers through debt counselling, it was decided that the company should expand its services to include debt administration as well.
The ability of administration orders to remove legal action has proven itself a great asset to our clients.
Our administrators are handled entirely separate from debt counselling applications and do not interfere with any of the other departments.
1. Communication with creditors
a) Notification of Application for an Administration Order.
2. The legal implication of the Administration Order
a) Credit Bureau listing.
b) Deduction via and Emoluments Attachment Order.
3. Fee Structure
a) Initial fee: (for the Free State Province):
R430-00 or R860-00, depending on the number of creditors.
b) Legal fee: R850-00
c) Monthly fee: 12% of each instalment
4. Responsibility of the consumer
a) Although the consumer does not need to pay the monthly instalments over himself, he needs to inform the administration if he becomes unemployed or moves to a different employer.
5. Effect of the administration order on outstanding balances
a) Due to the vastly decreased instalments paid through administration, a consumer’s outstanding balances might increase due to interest.
We commend hard work and cultivate an attitude of going the extra mile for our clients. Maintaining a policy of clear and open communications with our clientele and credit providers. We ensure excellent service and solutions to all over-indebted consumers and strive to reach the best possible agreement, benefiting both the creditor and the client. An experienced management team ensuring that all applications are handled effectively and efficiently.
