GS Debt Counsellors is a registered credit provider with South Africa’s National Credit Regulator: NCRDC156
About GS Debt Counsellors
GS Debt Counsellors are a specialist debt counselling service provider that is dedicated to helping people who have fallen victim to a growing spiral of debt and are no longer able to cope with the repayments to their various creditors.
We're here to help you get out of debt but, more importantly, stay out for good.
A debt counselling provider with a difference
We have a team of attorneys and expert debt counsellors to assist you with the entire process in the most professional manner. Their aim is to ensure that you make one monthly repayment to all of your debts and maintaining a good quality of life while ensuring your assets are protected.
What GS Debt Counsellors can offer you
We will facilitate and take charge of your debt situation and debt counselling process by reviewing your situation.
We will request a certificate of balance from all your creditors, arranging lower interest rates on your debts and smaller monthly instalments, developing a repayment plan accordingly and enforcing the plan with a court order.
How we help you keep debt at bay
Once the court order is in place and creditors can no longer contact you to request repayments or attempt to repossess assets we will then allow a payment distribution agency to then take your single monthly instalment and distribute it to your creditors accordingly.
In a Nutshell
- Online application
Secure a better financial future with GS Debt Counsellors
In order for GS Debt Counsellors to assist you in relieving your debt situation, we will first need to evaluate your income versus your debts to ensure you qualify for debt counselling.
Essentially you only qualify for debt counselling when your debt repayments exceed your monthly income and you are unable to simultaneously afford your personal expenses and debts.
Debt counselling is not like debt consolidation
Debt consolidation is where you take out one large loan to repay a range of smaller loans so that you are left with only one monthly installment. Debt consolidation will not necessarily save you money and may make you debt situation worse since you may still be unable to make that single repayment while still maintaining an acceptable living standard for you and your family.
This is a common problem that occurs when your income is low, and you are unable to support yourself while simultaneously repaying your loan.
In comparison; debt counselling is a legal process. It does not gamble and instead allows us to negotiate and structure an affordable payment plan for our clients. Unlike debt consolidation; the situation does not worsen but improves. We want the best for our customers and we fulfil that through debt counselling.
Eligibility & requirements
Certain conditions apply for the candidates to be eligible for our services. Clients must be residents of South Africa, and be able to produce a valid identification document, to qualify. Secondly, you must either be self-employed or a full-time employee who is earning a stable income. Applications from unemployed individuals are not considered. Applicants must also be either eighteen years or older to apply.
The application process online and you can access the form on our website, from any device, from anywhere in South Africa. This allows a high number of prospective clients to reach us and eliminates all hassle involved in paper-based applications. The application form is simple and can be submitted to us on the web. If you get stuck somewhere, you can call our staff for assistance.
Our staff is highly trained and well versed in financial matters; which is why we process your application as soon as it is received. Our that; we ask for relative documents and determine if you qualify for debt counselling.
We do realize that this process might be overwhelming for you, which is why we are here to help. If you are unsure about what to do, you can give us a call and our agent will explain everything to you and take you through the whole process.
Eligibility & Requirements
- 18 years or older
- ZA resident
- Employed full-time
- Active ZA bank account
- Photo ID
- Recent pay slips
- Bank statements
- Proof of address
Other Products & Services
- DEBT Counselling
Customer Reviews & Testimonials
I was so stressed about the loans I took to repair my house, but then I came across GS and suddenly, my repayments got reduced to a much affordable rate.
— Cape Town —
The application wasn’t as hard as I expected and things got resolved quickly
— Durban —