Debt Busters

Debt Busters can help you to become financially independent.

Debt Busters is currently South Africa’s largest and most trusted multi-award-winning debt management company. They were founded in January 2008 and its head office is situated in Cape Town.

They are an important part of the IDM Group and offer a new method to deal with financial problems and assist clients with solving their debt situations. Debt Busters have already helped over 150,000 clients to manage their debt through consolidation loans, and debt review.

Why choose Debt Busters

They believe that South Africa and its consumers are in a debt crisis and that they cannot solve their debt problems on their own. Families are kept together, and they ensure that clients’ homes and cars remain their own and that they are prepared for when the unexpected happens.

Debt Busters do not just provide life-changing knowledge and solutions to their clients, they help them to transform their lives and build a brighter financial future to make their dreams come true.

Experienced team

Their professional team have years of experience and they aim to give every customer superior service delivery and tailor-made debt solutions. Debt Busters understand that their clients have different financial needs, which is why they design your debt solution around how much debt you have.

Let their experience help you become debt-free.

What happens when you are over-in-debted

If you are over-indebted, Debt Busters will introduce you to the process called debt counselling.

A debt counsellor will consider your income and expenses and will work out a new debt repayment plan comprising smaller instalments and extended terms. The debt counsellor will do credit checks to make sure you can afford to repay your debt.

The budget plan

A budget plan will be set in place for you to help you improve your credit record. They aim to help you settle your debt quickly so that you would not have to declare insolvency. If you are a business, they will assist and educate your employees on the importance of money management.

Once your debt is fully paid

When you sign up for debt counselling, an expert debt counsellor will ensure that all credit bureaus and credit providers are informed that you are under debt review. The credit bureaus will then update your profile on their system as 'under debt review'.

When your debt has been paid, they will send a clearance certificate to their creditors and notify the National Credit Regulator as well as the credit bureaus. They will remove the 'under debt review' flag from your profile, and you will be able to gain credit again.