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.


No Additional Loans

No More Financial Stress or Calls From Creditors

Opportunity to Repair Credit Profile

Process Costs Much Less Than Foreclosure, Administration, Judgement & Sequestration

One Affordable Monthly Repayment

National Credit Act Protection (Avoid Blacklisting)


About The Process

The debt review process was introduced in 2007, with the National Credit Act (NCA). The benefit is that, while you’re getting debt counselling and in the process of paying off your debts – legal action cannot be taken against you.


Bear in mind that you can only take advantage of this process if you have a regular income to develop a reasonable repayment plan, and you have to be ‘over-indebted’ to qualify for a Debt Review (ie: monthly expenses are greater than your income).


Once a consumer has made an application for Debt Review, Credit Providers can no longer attach any assets or take any further legal action against the Consumer pending a determination by a Debt Counsellor as to whether or not the consumer is actually ‘over-indebted’.

Should the Consumer be ‘over-indebted’ – then he/she will continue under Debt Review until all debt is settled.

Avoid Blacklisting

There is no permanent record of being under Debt Review kept on any Consumer Credit Bureau Database. In other words, unlike Administration or other avenues – the Debt Review process leaves no black mark against your name.

One Monthly Repayment

Repayment of your debt obligations is done through one regular monthly payment (to a Payment Distribution Agency who will handle the money side of things).

The Payment Distribution Agency will then pay all of your creditors. This one easy payment will make your finances much easier to manage and reduce your banking fees.

The Debt Counsellor sets aside a certain amount of income for your necessities (food, school fees, transport costs etc) and you can then use whatever money you have left over to pay off your debts.

You will never pay more money than you can reasonably afford.

Advantages of a Debt Counsellor

A registered Debt Counsellor is far more likely to get a positive response from your creditors when it comes to negotiating your repayments than you might get as an individual consumer.

A qualified Debt Counsellor will be able to advise you on ways to minimise your monthly costs and maximise your debt recovery.

End Result

Relief from all the stress of being debt. You will get good professional advice and form a strategy to solve the problem. You will have ease of mind knowing that one day – both the debt and records of it will be gone. No more letters you are too scared to open. No more phone calls you are too nervous to answer. Achieve financial relief by dealing with the problem rather than ignoring it.

No More Letters You Are Too Scared To Open

No More Calls You Are Too Nervous To Answer

No More Financial Stress


We found that  potential debt review applicants need and want to know the steps of the debt review process.

Below we made a short summary for you, to provide you with some indication of what to expect.

You complete an application form and provide us with the details of all your Credit Providers.

(Consultations are confidential and can be done in person)

We assess your application and determine whether you are ‘over-indebted’. In other words – does your monthly expenses exceed your monthly income?

You have to be ‘over-indebted’ to qualify for Debt Review.

If you are ‘over-indebted’ – we shall inform all of your Credit Providers and the Credit Bureaus that you are under Debt Review.

Your Credit Providers will also be requested to provide us with a Certificate of Balance (COB) in respect of your accounts.

( You will immediately start to pay a single provisional reduced monthly instalment in respect of all your Credit Providers, which will be affordable to you. During the first 60 working days, legal action may not be taken against you in respect of the debts that are under review. )

After receiving all COB’s – we will restructure your payment plan and negotiate with your Credit Providers where necessary.

After negotiations with your Credit Providers, your new restructured payment plan will be sent to all of your Credit Providers and this payment plan will take effect.

( Your restructured payment plan will reduce your monthly debt repayments to an affordable amount, leaving you with sufficient money for your living expenses. )

We will instruct our specialist attorneys to apply at court in order to make your restructured payment plan a court order.

You will not have to appear in court yourself, as your Debt Counsellor will be the applicant in the matter.

( The process will now be completed and you must ensure that your monthly payments are made timeously in order to prevent Credit Providers from taking action against you. )

 Still not sure about Debt Review?