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    The Process

    How do you manage to reduce the payments?

    We reduce your payments through several mechanisms allowed under the National Credit Act:

    • Renegotiating interest rates with your creditors to lower rates

    • Extending the repayment period so you pay smaller amounts monthly

    • Eliminating certain fees and charges where possible

    • Restructuring payments based on your actual affordability

    The combination of lower interest rates and extended terms means you pay less each month, though you may pay over a longer period. The key benefit is that you can afford your payments and keep your assets.

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

    Need Personalised Advice?

    Our NCR-registered debt counsellors can assess your unique situation and provide tailored guidance.