Is debt review the same as being put under administration?
No. Administration only applies to consumers whose total debt do not exceed R50,000 and normally lasts much longer and is much more costly. We aim to achieve a debt free status within 36 to 60 months.
If you’re struggling with debt and unsure about the best solution, understanding the differences between debt review and administration is crucial. Debt review is a structured process designed to help you become debt-free within 36 to 60 months, while administration is more costly and only applies to debts under R50,000. At Zero Debt, we are committed to providing you with the best possible guidance and support to achieve financial freedom efficiently. Contact us today to speak with one of our expert consultants. We’re here to help you navigate your options and find the solution that’s right for you. Reach out through our contact page to get started.