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Debt Management

Pay less for your debt each month and get immediate relief

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How we'll help you

Debt can feel overwhelming, and if you’re finding it hard to manage, you’re certainly not alone. In South Africa, many people are in the same boat, spending up to 75% of their take-home pay just to keep up with their debt. It might seem like you’re caught in a never-ending cycle, but there is hope and a way out.

So, how can you break free from debt in South Africa? The answer is debt management. By simplifying and streamlining your finances, you can make a significant difference. That’s where debt consolidation comes into play, making your financial obligations more manageable and less stressful.

At Meerkat South Africa, we specialise in providing the debt counselling you need to prevent repossessions and help you regain control of your finances. Entering debt review might seem like a big step, but it’s one of the most effective ways to reclaim your financial freedom.

Why choose Meerkat for your debt solutions? Our top priority is your well-being. We’re dedicated to offering tailored solutions that fit your unique situation. 

Registered Debt Counsellor- NCRDC2613

Why Choose Meerkat Debt Management?

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Straightforward

All your debt is bundled into one easy reduced monthly payment with low interest rates.

Personalised

Pay only what you can afford, make sure you cover your living expenses to live your best life.

Secure

Experience confidentiality from industry professionals and attorneys with full legal protection.

Don't take our word for it, this is what our clients say

MABU

A Life Saver.
"I was so sceptical going into this but the agents assisting me were friendly, calm, kind and accommodating. They took the time to explain everything and even put it in writing so that whatever we discussed was in "black and white".

Thank you Meerkat, you are saving my life.

KEITH

Very friendly service and quick to help.
"They called back quickly and were very friendly. Answered all the questions I had with ease, explaining things so I understand exactly what's going on."

MALVIN

I've been in debt and I couldn't even buy groceries, cosmetics.
"I've been in debt I couldn't even buy groceries, but ever since I joined Meerkat things were starting to be better, I can even recommend it to a friend, family and colleagues. It's very helpful."

FAQ

Our most asked questions answered here: Lets reduce your reliance on debt and help you build up resilience for financial emergencies. Master your debt, there is always hope.

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What is debt review?

Debt review, also known as Debt counselling, is a legal process introduced by the National Credit Regulator. It is a process set up to help South Africans who are struggling to pay off their debt. The debt obligations are restructured, and interest rates are reduced to enable consumers to meet their monthly commitments.

What are the rights of consumers in debt counselling?

• Consumers have a right to apply for debt counselling
• Consumers have a right to request for, and be provided with, reasons if their application for debt counselling is rejected
• Consumers have a right to written disclosure of fees applicable prior to application for debt counselling
• Consumers have a right to full disclosure of the debt counselling process prior to application for debt counselling
• Consumers have a right to receive distribution statements from their debt counsellors and PDAs on a monthly basis

What is the difference between debt review and debt consolidation?

Debt review is the restructuring of all your debt repayments into one affordable monthly repayment by extending the terms of your credit agreements and decreasing interest rates, whereas consolidation entails taking out one large loan to settle all debts and only paying back one loan. Consolidation loans require that you are not over-indebted at the time of application.

What happens after debt review?

Once the process has been completed and your debt has been repaid, your counsellor will issue you with a clearance certificate. The certificate is then submitted to the Credit Bureau so that they can update your record and remove any negative information they hold.

What costs are involved in debt review?

Debt counsellors’ fees are regulated by the National Credit Regulator (NCR) and form part of your monthly repayment amount so you will not be charged any additional or upfront fees. Generally, the 1st 2 monthly payments go to the debt counsellor for administering the debt review and legal process. Your creditors are then paid from month 3.

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