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 have and the amount of your monthly repayment. Legal fees are also determined based on the type of debt that you have and the amount of your monthly repayment. Both the debt counselling fees & legal fees are incorporated into your debt restructuring plan which means that you will not need to pay any separate upfront fees in order for your application to be processed. Please refer to your application form for more details on how these fees are calculated.

Are you worried about the costs involved in applying for debt review? At Zero Debt, we understand your concerns and are here to provide clarity and support. Our debt counselling fees are regulated by the National Credit Regulator, ensuring consistency and fairness across all registered debt counselling companies. Both our debt counselling and legal fees are based on your specific debt type and monthly repayment amount, and are seamlessly incorporated into your debt restructuring plan. This means no separate upfront fees are required to process your application. Our goal is to make the journey towards financial independence as smooth and stress-free as possible. For detailed information on how these fees are calculated, and to understand how our services can benefit you, please do not hesitate to get in touch with us. Visit our Contact Us page today, and let our experienced consultants guide you every step of the way towards a debt-free future. Your financial well-being is our priority. Reach out to Zero Debt now and take the first step towards regaining control of your finances.

FAQs and Answers

1. What costs will I incur by applying for debt review?
   The costs include debt counselling fees and legal fees. These fees are regulated by the National Credit Regulator and are incorporated into your debt restructuring plan, meaning no upfront payments are required.

2. Are debt counselling fees the same for all debt review companies?
   Yes, debt counselling fees are regulated by the National Credit Regulator and should be the same across all registered debt counselling companies.

3. How are debt counselling fees calculated?
   The fees depend on the type of debt you have and your monthly repayment amount. They are structured to be affordable and included in your overall debt repayment plan.

4. Do I need to pay upfront fees for debt review?
   No, you do not need to pay any separate upfront fees. The debt counselling and legal fees are incorporated into your restructured debt repayment plan.

5. What are legal fees in debt review?
   Legal fees cover the process of obtaining a court order to enforce your debt restructuring plan. These fees vary depending on your debt type and repayment amount.

6. Will my monthly repayment increase due to debt review fees?
   No, the fees are structured to be part of your restructured monthly repayment. Debt review is designed to make your repayments more manageable, not increase them.

7. Can I get a breakdown of the costs involved in debt review?
   Yes, the details of your debt review costs are outlined in your application form. You can also contact Zero Debt for a personalised breakdown based on your financial situation.

8. How can I apply for debt review and get more information about the fees?
   You can apply by contacting Zero Debt. Our consultants will provide a free debt assessment and explain all costs involved, ensuring complete transparency.