Is saving only for rich people?

No. Saving is for everyone. You can start with R50/week and build momentum. Small consistent deposits add up quickly — R50/week becomes R2,600/year, which can cover emergencies or build toward goals.

What exactly is debt review?

Debt review is a formal process under South African law where a registered debt counsellor helps over-indebted individuals restructure their debts into affordable repayments. It protects you from legal action and can reduce monthly payments by up to 40%.

Can I rebuild my credit score after debt?

Yes. Credit repair is possible. After debt review, paying on time, reducing debt, and addressing disputes improves your score gradually. Most people see improvements within 12-24 months of consistent payments.

Is financial education really important?

Absolutely. Understanding money — budgeting, saving, debt, credit — changes outcomes. Most financial stress comes from not knowing options. Education removes shame and builds confidence.

How does an interest calculator help?

An interest calculator shows you exactly how much debt grows over time. It demonstrates the cost of delay and helps you understand why paying extra on principal saves thousands.

Debt review and your car or house: what actually happens?

"Will I lose my car or house under debt review?" It's the biggest fear clients bring me — here's what actually happens.

Question: Will I lose my car or house if I go under debt review?

This is probably one of the biggest fears people have. "If I go under debt review, will the bank take my house?" "Will they repossess my car?" Not simply because you entered debt review. Debt counselling is specifically intended to help over-indebted consumers deal with their debt obligations and avoid the financial crisis getting worse. A debt review can include credit agreements such as vehicle finance and home loans, depending on the circumstances and the status of the agreement.

But there is an important warning:

Debt review is not a magic shield against existing legal action.

The National Credit Act places limits on when a credit agreement can be brought into debt review. In particular, section 86(2) says an application cannot apply to a credit agreement where the credit provider has already proceeded with certain enforcement steps. That means: don't wait until the sheriff is at the door. If you're struggling with your car or home loan, get advice early.

What happens to the monthly payment?

A debt counsellor assesses your overall financial situation and works towards a repayment arrangement based on affordability. The objective is to make the overall debt burden more manageable while still paying creditors according to the approved arrangement.

What about your house?

There is an important rule when completing debt review. The NCR explains that a consumer can receive a clearance certificate once the short-term debts have been paid in full and, where there is a home loan, the home loan is up to date according to the debt-rearrangement arrangement. So your home loan needs particular attention.

What about your car?

The same principle applies: don't assume the car is automatically "safe" simply because you applied for debt review. The status of the vehicle agreement, your payment history and any legal enforcement already underway matter.

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DCSA | Debt Clear SA (Pty) Ltd
📞 071 900 6298 · WhatsApp Sam
📧 info@dcsam.co.za
🌐 www.dcsam.co.za

Don't wait until a financial problem becomes a legal emergency.