Frequently asked questions Archives - Zero Debt

Frequently asked questions

What happens with my property bond if all my debt is paid off after I have completed the debt review term?

You have the option to cancel the debt review process once all your unsecured debt has been paid off.  If you still cannot afford the full bond instalment, we suggest that you continue with debt review until such time that you are in a position to pay the full required instalment on your own.

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What costs will I incur by applying for debt review?

The debt review costs that you incur consists of debt counselling fees and legal fees. The debt counselling fees that we charge are regulated by the National Credit Regulator and should be the same regardless of which registered debt counselling company you use. The precise costs will depend on the type of debt that you

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Are there any accounts that do not get included?

Only credit agreements as defined in the National Credit Act may be included in the debt review process. Accounts such as doctor and cell phone accounts are excluded. Also excluded are accounts in respect of which legal action has been initiated (prior to your application for debt review) or where judgement and/or garnishee order(s) have

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