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all of your debts, Help-U will issue you with a Clearance Certificate and apply for the debt review court order to rescinded.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!?
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.