Freedom Debt Counsellors

Registered on the 12th of March 2015 with the National Credit Regulator, Freedom Debt Counsellors are a committed group of debt counsellors.

They want to help you work out a plan to ease your debt burden. With the right approach, they can help you relieve stress and get out of debt.

They offer many workable debt solutions, such as credit counselling, debt review advice, and financial planning solutions. The company is based in Johannesburg but services are available all over the country.

About the managing partner Morne Olivier

Their managing partner is Morne Olivier, who is very experienced, having had 7 businesses and provided employment to more than 150 people. He has significant experience in the insurance, IT, financial accounting and legal industries. And with more than 23 years of experience as an entrepreneur, Morne is more than capable of helping you get out of debt and remain debt free.

He has the professional attitude and the extensive financial knowledge necessary to truly understand your needs and deliver outstanding service, debt relief plans and debt support. These services can make all the difference and can give you the peace of mind you need. Morne is registered with the National Credit Regulator (NCR) and is trained in debt counselling, unlawful credit agreements, and the National Credit Act.

Understanding Debt Review

Debt counselling or debt review is a legally regulated debt solution, adopted by the National Credit Act of 2007. Debt review is a process intended to help clients who are struggling to pay their debts.

A debt counsellor will speak to your creditors and make arrangements to reduce interest, fees and minimum repayment amounts. Your payments will be reduced into a more manageable monthly sum. The main aim is to work out a payment plan that you can afford and that the credit provider can accept.

Debt counselling is a formal debt rehabilitation programme, explicitly initiated by the NCA to stop people from going into personal administration and dealing with the after-effects.

The debt review process lets consumers enter into a repayment plan and come out debt free again.

• Freedom Debt Counsellors don't charge upfront
• Your instalments can be reduced by up to 50%
• You pay one affordable instalment per month
• You'll have enough money left afterwards to live on
• Freedom Debt Counsellors will communicate with your creditors
• Your assets, like your home or car, are protected
• You avoid legal costs from your creditors
• Your credit record is restored
• You're treated with the greatest confidentiality
• You regain your financial freedom
• Free call back in 2 business hours

Possible reductions in instalments

• Bond instalments can be reduced by up to 20%
• Car repayments may be reduced by up to 30%
• Personal loans, credit cards etc may be reduced by up to 60%

Debt review, yes or no?

When you undergo debt review, the credit bureaus are informed. This will prevent you from getting any more credit as the main point of debt review is to help you clear debt. Since its introduction in 2007, it has helped thousands of people, rescuing debt-burdened consumers who might otherwise have faced severe hardship.

How debt counselling works

The debt counsellor is the middleman between you and your credit providers. You’ll benefit by paying a lower, affordable monthly payment. This is made possible by extending your loan terms and bringing interest rates down.

You can ask your debt counsellor if they’ll make use of the DCRS system, which is a system which can drop interest rates for unsecured debt right down to zero per cent, saving you a great deal of money.