Lifeline Debt Solutions offers comprehensive, highly effective debt solutions and as one of the largest debt counselling organizations in South Africa, we also specialize in counselling groups about debt. So if you think your employees may benefit from talking to us, get in touch and arrange for us to come in and see your staff or call us today to discuss your individual requirements.
At Lifeline Debt Solutions we offer you a personalized service including the best advice as to which debt solution is the most appropriate for your situation.
We will also seek to help you reduce your expenses to enable to you contribute more to your debt repayments and get debt free as soon as possible.
Lifeline Debt Solutions is a debt management company wholly focused on helping to resolve the debt problems of individuals. We operate across the whole of South Africa with our head office in Durban.
We differ from other debt companies in that we offer a comprehensive range of services and solutions not simply debt counseling, each tailored to your own individual circumstances, whether you own a property makes NO difference.
These can range from debt consolidation, debt management, debt reduction and debt elimination.
Importantly, we have a solution to help ALL our clients and our number one goal is to help you solve your debt problems.
Our staff are fully qualified debt counselors and we are registered with the National Credit Regulator (NCR).
Contact us today for free debt advice that considers all debt solutions based on your own circumstances. Our fully trained, professional and friendly staff are waiting to take your call.
Simple Step by Step guide
Step 1
Contact a LDS consultant who will explain the process and costs and send you the application form with a list of the documents we require for the process.
Step 2
We will notify all your credit providers, the NCR and the credit bureaus of your successful application for debt review.
Step 3
Issue a Form 17.1 to inform creditors that you are under debt review and request a certificate of balance for your account.
Step 4
Once all the relevant financial information has been provided we will issue your creditors a Form 17.2 to confirm the clients over-indebtedness and inform creditors and credit bureaus via the NCR Debt Help Website.
Step 5
LDS will set each client up with a Payment Distribution Agency (PDA) who will distribute the allocated payments to each creditor accordingly.
Step 6
LDS will forward each credit provider with a detailed proposal outlining your agreed budget, the number of creditors included and a repayment plan for each credit provider.
Step 7
The Credit Providers may accept or decline the proposals and if all do, LDS will obtain a consent order which will then be forwarded to all the credit providers. If one or more of the Credit Providers does not accept the proposed repayment plan, LDS will submit the application to high court for the magistrate to make a final decision.
Step 8
You are required to make the agreed monthly payment each month to the Payment Distribution Agency (PDA) for the duration of the debt review.
Step 9
LDS will provide annual aftercare for each of our clients , to establish whether or not their circumstances have changed
Step 10
Once all your debt is repaid, LDS will issue you with a Clearance Certificate (Form19) which we will send to all your credit providers, the NCR and the credit bureaus. Within 5 business days you credit record will be clear.
How to get Assisted
1. Application Fee:
R50 + VAT + any bank charges
(Bank transfer: R57)
(Cash deposit: R72)
This is for your initial assessment and placing you under the Debt Review program.
Lifeline Debt Solutions DO NOT CHARGE YOU AN UPFRONT FEE.
2. Initial Fee
Once we have completed your application we will be able to establish whether you are over indebted or not, and inform your creditors accordingly.
At this stage we will access the amount you are able to pay towards your creditors on a monthly basis.
Your monthly payments will be made to a government appointed Central Distribution Agency. There will be an initial set up fee.
This fee will vary depending on the size of your monthly payment but will not exceed R3000 + VAT. (R4000 + VAT for Joint Applications)
3. Ongoing Fees
5% of monthly payments to the Central Distribution Agency will be charged to a maximum of R300. And thereafter it will reduce to 3% in year three
Contact Lifeline Debt Solutions
Contact us today for free debt advice that considers all debt solutions based on your own circumstances.
Our fully trained, professional and friendly staff are waiting to take your call.
Text your details and get DEBT FREE TODAY ! – 082 584 9872
Call Our Expert Advisors on 0861 001170
Email: contact@lifelinedebtsolutions.co.za
Lifeline Debt Solutions – Your Financial First Aid