Solutions that make a difference
LivFree Debt Solutions offers debt relief services to South African consumers struggling with debt all over the country. The founder member and debt counselor is a post-graduate in the fields of business, finance and economics. He has impeccable experience in the financial services sector and have been practicing debt management for more than 6 years now. He has managed to help hundreds of financially stressed consumers with workable debt solutions and seen them walk away debt free. We believe that offering debt solutions is personal, and therefore we take pride in our qualified and NCR registered debt consultants and a power support team that strives always to offer the highest level of service throughout the debt management industry in South Africa.
We have very good relationships with most of the Credit Providers in the industry, therefore making the process of solving your debt problems with Credit Providers quicker and easier, ensuring a very high success rate of the process as a whole.
With the tightening of the credit market and increased interest rates, more and more consumers require debt counseling and debt consolidation services. At LivFree Debt Solutions we can provide you with all the right services to help you pay back everything you owe, on time, to avoid any legal action taken against you.
Our Vision
To guide every over-indebted South African consumer with the right step to financial freedom!
- Integrity and Honesty
- Excellency
- Courtesy and Commitment
- Confidentiality
- Trustworthy
You can contact
us for any question
Welcome to LivFree Debt Solutions' FAQs Section! Here, you'll find answers to common questions about our services and how we can help you achieve financial freedom
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You are usually over-indebted when you are paying more than half of your salary to debt, not making timeous payments on your debts and constantly getting reminders for late payments. Or if you are at risk of falling behind in the immediate future. These are sure signs that you urgently need our help. If you delay applying for debt counselling, and once the credit provider has commenced legal action against you, that particular debt cannot be included in the debt review process.
The credit market has recently been tightened by the NCR such that you will not qualify for a consolidation loan if you are over-indebted, not with us or not with any registered financial institution in South Africa. If your current debt status is that you are over-indebted, you do not have the option of a consolidation loan. The only realistic and affordable way to prevent you from losing your house, car or furniture is to go the debt review way. Our debt review process can offer you immediate asset protection according to the National Credit Act and set you on a course of recovery from debt problems by consolidating your debt into one affordable monthly repayment, reducing your monthly debt repayments and interest and clearing your credit record after you have fulfilled your restructured debt obligations.
Service fees are set and regulated by the National Credit Regulator (NCR). 1. A restructuring fee of the lesser amount of the first instalment of the debt re-arrangement plan or a maximum of R6000 (excluding VAT). For example, if you can only pay R3 000 per month our fee will automatically be R3000. 2. A monthly after-care fee of 5% (excluding VAT) of the monthly instalment of the debt re-arrangement plan up to a maximum of R400.00 (excluding Vat), for a period of 24 months, thereafter reducing to 3% (excluding VAT) of the monthly instalment, to a maximum of R400.00 (excluding VAT), for the remaining period of the debt payment of the monthly after-care fee commence in the 2nd month after the amount in point 1 has been paid. 3. There is a legal fee charged by our specialised attorney to bring the application to court, and can range from R1500 to R6000. Legal fee differs from case to case and your debt counsellor will let you advise the exact amount after the free assessment.
Certainly not. Administration only applies to consumers whose total debt do not exceed R50,000 and usually lasts much longer and is much costlier. The debt review process we aim that you achieve a debt free status within 36 to 60 months.
Steps Involved In
Helping You
Form Filling
Fill in an application form attaching your ID and latest payslip and send it to us via email or fax.
Assessment
One of our debt counselors will do an assessment of your debt situation and contact you to finalize our application.
-If you are happy with the outcome of the assessment, credit providers will be notified and, hence forth, you will be protected from legal action.
Creditor's Response
Creditors will respond to us with certificate of balances showing summaries of all your credit agreements.
Debt Repayment Plan
A debt repayment plan will be prepared and negotiated with credit providers. We will forward a copy of the same.
Application
Application will be made for a debt repayment plan to be made a court order in order to enforce it on your credit providers.
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