Rihanyo Financial Solutions [Pty] Ltd

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  9. Rihanyo Financial Solutions [Pty] Ltd
19459 Itsuseng Street Mamelodi East Pretoria, Gauteng 0122 South Africa, Bronkhorstspruit, Gauteng, South Africa 122
Describe what your business does.:

Debt review, otherwise known as debt counselling, is a debt solution targeted at South African consumers who are over indebted and struggling to manage their finances.

The National Credit Act (NCA) introduced the formal debt rehabilitation program, debt review, in order to prevent consumers from being placed into personal administration and having to deal with the long term effects.

The process was also implemented in order to make sure that debt counsellors follow strict and ethical guidelines when assisting clients with gaining their financial well-being.

Debt review is the process whereby a debt counsellor assesses a client’s outstanding debt and implements a restructured debt repayment plan. This will be done through the process of renegotiating interest rates with credit providers in order to reduce them, as well as by extending the debt repayment terms.

A new affordable monthly budget and payment plan will be drawn up by a debt counsellor, which will provide the client with the correct guidelines and means to live off.

In addition to this, the debt review process entails that the client makes only one monthly debt repayment to a payment distribution agency, which will then pay all the clients credit providers. This reduces the stress of having to keep up to date and on top of multiple debt repayments.

Most importantly, when under debt review, clients are legally protected by the National Credit Act (NCA) and creditors are no longer allowed to hassle them.

At Rihanyo Financial Solutions , the debt review process is administered by a professional and efficient debt counsellor registered by the National Credit Regulator (NCR). Our debt counsellors are accountable for guiding our clients step by step through the entire process and ensure that they are provided with the best financial advice and means to solve their debt problem.

Our debt counsellors go the extra mile by not only assessing the clients situation, but by also ensuring that they are taught how to budget and manage their finances in order to spend accordingly and keep up to date with their debt review payments.

South African consumers who are classified as over-indebted will qualify for the viable debt solution, debt review. However, it is also required that consumers are employed and earning an income.

Contact Information
Phone: 065 810 0834
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