About the product
WHAT ARE THE BENEFITS OF DEBT MEDIATION?
If not already listed, you will be protected from being blacklisted;
Legal action, including repossession of your assets will be prevented where possible;
Alternative arrangements will be made with your credit providers, on your behalf, to lower your installments;
If you are over indebted, we can, instead of taking your case to court, apply the industry restructuring rules. If the rules are applied correctly, credit providers that are members of the NDMA are obliged to automatically accept the proposal;
You will be provided with an agreed, affordable and realistic monthly budget in order to resolve the situation in the shortest possible time;
Improved overall financial position.
Can i do debt mediation on my own?
No, it is not advisable. The model used to prepare a repayment plan, is based on a set of pre-agreed “rules”. The application of the rules is complex and a computer program would be required to prepare and table such proposals. If an unaccredited system is used, credit providers may question the proposal / plan and possibly
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