MNM Debt Recovery

Helping you to get back on your feet and on the road to recovery

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Debt Counselling is now regarded as the primary debt relief measure available to financially stretched consumers.

The Debt Review process establishes one affordable monthly debt repayment after considering the consumer’s essential living expenses.

At MNM Debt Recovery, our team of experienced professionals will assist you in managing and effectively reducing your debt levels.


Debt Review

Are you having trouble repaying you debts?

Our professional debt consultants can help you to find an effective solution to managing your debt.

Tax Services

Tax queries stressing you out?

We provide advice on tax queries, submit tax returns or resolve queries with SARS. Our Tax practitioner will assist you with your tax needs.

Financial Wellbeing

Making financial decisions can be confusing.

Our financial consultant will provide you with the information you require to make the correct decision.

 Frequently Asked Questions

1. How long before I receive relief from my debt?

You will receive immediate relief from Creditors. During the first 60 working days of the application, creditors may not take any action against you. In this period of time – your Debt Counsellor will prepare the final repayment plan to all Credit Providers.

2. When under Debt Review, may my Creditors still contact me?

No. As soon as you are under Debt Review, your Debt Counsellor will inform all creditors that you are in the process. From that point – your Creditors must, by law, work with your appointed Debt Counsellor. If and when they do contact you, refer them back to your Debt Counsellor.

3. Can I still rent a property whilst under Debt Review?

It is not a credit agreement and therefore you will be able to rent whilst under Debt Review. In most cases, you may need a letter from your Debt Counsellor to confirm that the amount is made available from your surplus.

4. Can I apply for Debt Review when unemployed?

No. You will need to earn a monthly income that a Debt Counsellor can use to distribute between all of your Creditors.

5. What changes should I make to my finances during and after Debt Review?

You should look at the Debt Review process as a way of turning your life around. It is a proactive step in dealing with serious indebtedness before any legal process takes place.

For this reason, you should re-look at your budget, not only whilst under Debt Review, but also into the future when all debt is paid off.

Once your debt is paid off, you should be careful not to get back into debt and start the cycle again.

Use the surplus you now have (the money you were previously using to pay off your debt) to save. It is far better to have savings then debt.

A Certified Financial Planner is a professional who will be able to assist you with holistic financial planning to ensure you stay on track with your financial goals.

6. What is Financial Wellbeing?

Financial Wellbeing is that state of being wherein a person is making the most efficient use of financial resources, is in a position to absorb any financial shocks, is on track for meeting current & future financial goals, and has a feeling of peace & satisfaction about financial life.

Financial Wellbeing can be achieved by any individual / family irrespective of their income level or wealth level.


If you would like to get in touch, you can SMS your NAME and NUMBER to 071 902 4445, and we will call you back.


The Square
Umhlanga Rocks Drive
Umhlanga, Durban
South Africa

General Enquiries

+27 31 566 2029
Contact Time
24 Hours


+27(0) 71 902 4445