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Credit Salvage Debt Review Application

Do you need to get out of debt?

Apply online here for debt counselling by clicking the link below!

We will help!

We are proud to offer unbiased advice and expert debt counselling services to overindebted consumers. We have over 16years of experience!

With Credit Salvage, you can receive professional Debt Counselling to:

  1. Reduce your monthly payments and interest rates
  2. Combine all your accounts into one reduced monthly payment
  3. Eliminate harassing debt collector calls
  4. Become Debt-Free (1 - 2 years for debts less than R50 000). *Restructured monthly contribution dependent
  5. Become Debt-Free (3 - 5 years in most cases for debt over R100 000) *Restructured monthly contribution dependent

To get immediate financial relief simply follow the steps in our online application or you can call one of our customer-focused support staff on 0878980895/6/7/8

           Credit Salvage Debt Counselling Services

Registered Debt Counsellor

NCR No: NCRDC2338 

Form 16

                            NATIONAL CREDIT REGULATOR

                                  APPLICATION BY CONSUMER FOR DEBT REVIEW IN TERMS OF SECTION 86

                                                     OF THE NATIONAL CREDIT ACT 34 OF 2005

Please note that:

  • On receipt of this application the Debt Counsellor will advise all credit providers and all registered credit bureaus.
  • You will be listed with all registered credit bureaus that you have applied for debt review.
  • This form must be accompanied by a list of all credit providers as well as copies of all documents requested.
  • Should any documents not be submitted within 10 days of the Application being received by the Debt Counsellor, your application will not be accepted.
  • All Payments need to be made directly to the PDA trust account.

The Debt Counselor will provide you with the banking details of the PDA - DC Partner

“You must gain control over your money or the lack of it will forever control you.” "Dave Ramsey"

                                             DEBT CAN BE OVERCOME!!!!!

Good News, we at Credit Salvage debt counselling Services are committed in assisting you with professional legal solutions to overcome your debt problems. Our staff are highly trained with years of experience, and we will assist you in managing your finances until you have completely broken the debt cycle and become ultimately debt free. We will assist you with an affordable budget plan, one which you can live on, and one that you can afford without having to struggle.

The Process (Please enquire further if you are unclear of anything)

Step 1: Please complete attached form 16. Application fee payable R50

Step 2: We will liaise with the credit Bureau that you have applied for debt counselling: Once you are under debt counselling NO CREDITOR MAY INSTITUTE LEGAL ACTION AGAINST YOU. You will be fully protected.

Also, for the next 60 days during the process NO CREDITOR MAY INSTITUTE LEGAL ACTION AGAINST YOU

Step 3: We will be requesting information from all your credit providers, and we will receive certificates of balance. Once we do over-indebtness assessments we will then restructure a new affordable debt repayment plan with reduced monthly installments

Let's start off with some basic information.

Please ensure all information is correct.

Please type your Full names and Surname

Please enter your valid work number

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Please indicate your marital status

If you married in community of property, please contact our contact Centre on 0878980895

Please choose one option for your Net income

Please enter a valid ID Number

Please ensure your ID number is correct as your ID will be used to open secured documents

Please enter a valid cellphone number

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Who do you work For?

Please select a date when you receive your salary.

Please click on the little box to choose your salary date

DEBT COUNSELLING FEES DISCLOSURE

  1. An application fee of R50 prescribed in terms of Schedule 2(2) of the Act, recoverable directly from the Consumer upon receiving an application for debt review.
  2. An Admin fee of R300, which covers the consultation with consumer, Form 17.1 process, loading consumers on DHS and/or applications which may be rejected.
  3. A Restructuring fee of the lesser of the first instalment of the debt re- arrangement plan and the maximum of R8000.00 in respect of a consumer whose applications have been accepted in terms of Section 86(7)(b) or Section 86(7)(c). In the event of a joint application (married COP), the fee may be increased to R9000.00.
  4. 100% of the fee is payable on the 1st instalment. Once the restructuring process of the Consumer’s debt has begun, a cancellation fee that equals 100% of the restructuring fee shall be payable by the Consumer in the event of cancellation/ withdrawal by the Consumer.
  5. A Reckless Lending Fee up to maximum of R1500 per application. This may be charged after a Reckless Lending Assessment is complete, and the Reckless Lending documents were provided to an attorney to draft an affidavit of the assessment outcome.
  6. A monthly care fee of 5% of the monthly instalment of the debt re-arrangement plan, up to a maximum of R450 for the duration of the Debt Review. Payment of the monthly after-care fee is to commence in the 2nd month after the amount in 3 above has been paid.
  7. A submission fee for a consent order of R 500.00 (excl Filing Fee). The submission fee for the consent order may only be deducted from the 2nd month after the amount in 3.1 above has been paid. If the consumer's affairs cannot be resolved through a consent order, and there are additional costs for further legal processes, these need to be separately negotiated with the client. The Debt Counsellor should be able to produce pro forma invoices issued to them by their lawyers for legal services, when so requested by the NCR. The fees which a payment distribution agent may recover in respect of payment distribution services rendered are as follows: A fee of R5.00 for each payment of between R100 and R200 distributed in respect of each credit agreement included in the consumer's debt re-arrangement plan; A fee of R10 for each payment between R201and R500.00 distributed in respect of each credit agreement included in the consumer's debt re-arrangement plan; A fee of R15.00 for each payment exceeding R500.00 distributed in respect of each credit agreement included in the consumer's debt re-arrangement plan.
Please sign in the box if you consent

Signature Required

To avoid any delays in processing your application please ensure you sign in the signature block. We cannot proceed without a valid consent signature.

Electronic Signatures

Users are advised that, by clicking on any “submit” button on this site, the user thereby submits an electronic signature, as contemplated in Section 11 of the Electronic Communications and Transactions Act, No.25 of 2002. Such a signature carries with it all the weight of all contractual and legal obligations which may arise from the submission of such a signature

Monthly Commitments.

Please list all monthly commitments other than outstanding debt. Monthly commitments will be expenses like school fees, rent, groceries etc.

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Debt Obligations 

Please add the creditor name in the first column with the heading Creditor. To add the monthly installment, add the amount in the space under monthly installment. 

After you have entered all your creditors leave the other Collums as is. 

If you don't have all this information you may proceed to the next page without entering any information. We will confirm all this information from all the bureaus.

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Creditor Name

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Creditor

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Please delete the word creditor then capture the name of your creditor.

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Please delete the word creditor then capture the name of your creditor.

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Your monthly installment

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Pls add your installment due

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Credit Salvage Debt Counselling Services

Quinten Kletschke

Registered Debt Counsellor

NCR no: NCRDC2338

Power of Attorney

 

                       Power of Attorney

Do hereby nominate, constitute, and appoint: Quinten Kletschke NCRDC2338 AND any person who has been appointed by him/her to assist them in their debt counselling duties. To act on my behalf and to make enquiries and to obtain my/our personal information at any / every credit bureau and/or financial institution in order to ascertain my/our credit status and counsel me/us in regard to debt relief.

This authority extends to all / any / every one of my/our creditors, and to do all such things and act in all circumstances as if I/we were personally present and acting therein, which includes requesting the cancelation and/or stop payments of any debit orders on my/our accounts.

To engage an attorney to obtain the Debt Restructuring Order if and when necessary.

DECLARATION BY THE CONSUMER

I/We declare as follows:

  1. I/We undertake to comply with all requests from the debt counsellor to assist him/her to evaluate my/our state of indebtedness and the prospects for responsible debt restructuring.
  2. I/We hereby consent to the submission of my/our information to all registered credit bureaus by the debt counsellor.
  3. I/We also consent that the debt counsellor may obtain my/our credit record from any/all registered credit bureaus and any other registers which may contain any of my/our credit information.
  4. I/We undertake not to enter into any further credit agreements, other than a consolidated agreement, with any credit provider until one of the following events has occurred:
    1. a. The debt counsellor rejected my/our application.
    2. b. The court determines that I/we am/are not over-indebted; or.
    3. c. All my/our obligations under credit agreements as re-arranged are fulfilled
  5.  I understand that I must not sign any documents whatsoever that I receive from my credit providers, and shall make no promises, either verbally or in writing, to any of my credit providers.
  6. I/We confirm that the information obtained in this document is, to the best of my/our knowledge, true and correct.
  7. I/We the undersigned consumer/s hereby agree and undertake to keep the Debt Counsellor indemnified against all loss or damage from any cause arising which I/we may sustain because of the application in terms of Section 86 of the National Credit Act 34 of 2005
  8. I/We confirm my instructions to the Debt Counsellor to investigate reckless credit in respect of all my credit agreements and to furthermore instruct the Debt Counsellor to seek a declaration of reckless credit on my behalf should reckless credit be evident.
  9. I/we hereby confirm that the Debt Review Process and Debt Counselling Fee Structure has been explained, is understood, and accepted.
  10. Furthermore I/we undertake to make the interim payments as reflected in the Payment Schedule pending the finalization of the Consent or Court Order and that failure to do so can result in the termination of the Debt Review application by the Debt Counsellor or Credit Providers.
  11. I hereby confirm that by signing this declaration, I enter into a mandate agreement with the debt counsellor willingly, in terms whereof the Debt counsellor has the power to terminate this mandate for default on my part. I hereby confirm that I have been informed that the National Credit Act does not provide for termination by a debt counsellor, but that mandate agreements such as these are regulated by common law principles and that I accept this mandate agreement in terms thereof.
  12. I/we hereby choose as my/our domicile citandi et executandi (legal address for all notices) for the purposes of giving notice, the serving of any process and for any purpose arising from this agreement:
  13. I/we hereby agree to pay all legal costs and expenses of whatsoever nature on an Attorney and Client basis including collection commission, tracing agent charges, letter of demand costs or any other disbursements incurred by the Debt Counsellor employed by if the Professional Fee, the after-care fee, or the Legal Fee is not paid by me/us, and action is instituted against me/us.
  14. I/we agree that the amount owing to in terms of this agreement at any time shall be determined and proved by a certificate signed by any one of the Company`s authorized representatives whose appointment, qualification and authority need not be proved . I/we irrevocably waive and abandon any right to call upon the Company in any litigation or other proceedings to furnish security for costs.
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Credit Salvage Debt Counselling and Credit Clearance Attention min 1

Please click the submit button ONCE and kindly wait for a couple of seconds for your information to be submitted to our secure database.

Please note: If you do not see a submit button then you have not agreed to our terms, conditions, and consent. If you would like to proceed, please click the previous tab and click on the consent option to agree to our terms. Once you have agreed to our terms the submit button will appear.

Electronic Signature: Please be advised that, by clicking on any “submit” button on this site, you will submit an electronic signature, as contemplated in Section 11 of the Electronic Communications and Transactions Act, No.25 of 2002. Such signature carries with it all the weight of all contractual and legal obligations which may arise from the submission of such signature.

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