Debt Review Solutions


Consumer Friend is a market leader in the South African Debt Review Industry, offering the most comprehensive and compelling Debt Review solutions to Credit Providers in South Africa.


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About Us

Consumer Friend was initially a department within the Durban Law Firm Easton-Berry Incorporated.

In 2005, with the implementation of the National Credit Act, the Directors of the Law Firm realized the potential of creating a unique service offering to the South African Credit Industry. Consumer Friend was launched as a separate business, offering comprehensive and compelling Debt Review solutions for Credit Providers in South Africa.

In addition to dealing with all administrative and statutory requirements, a key focus of the business is ensuring cash flow optimization for Clients. Part of this strategy includes a specialist debt recovery entity collecting on accounts which have terminated from their Debt Review plan.

Over the past decade, Consumer Friend has established close working relationships with Debt Counsellors and Payment Distribution Agencies (“PDA’s”). These established relationships ensure effective restructuring of debt and the implementation of realistic payment solutions between stressed Consumers and Credit Providers. System integration and constant development with all key players ensures that Consumer Friend remains the market leader in the Debt Review Industry.

Consumer Friend and its Executives have always remained at the forefront of the relatively young South African, Debt Review Industry. This includes addressing Parliament on Debt Review issues and being commissioned by Parliament to compile working papers on Debt Review for the Portfolio Committees of Justice, Finance, and Trade & Industry. Our CEO chaired the representative body formerly known as the Debt Review Advisory Committee and currently represents the Retail Industry nationally on the Credit Industry Forum and sits in an advisory capacity on the various task teams established by the National Credit Regulator.

Debt Review

Debt Review, as provided for by the National Credit Act 34 of 2005, is a formal debt rehabilitation programme for over-indebted consumers to settle debts in adherence to an agreed payment plan. Provision has been made in terms of Section 86 of the National Credit Act, for over-indebted consumers to approach a Debt Counsellor, who will assess the Consumers financial situation and make recommendations regarding the restructuring of their debt.

Once Consumer Friend and the Debt Counsellor have come to an agreement on the proposed re-payment structure, the matter goes before a Magistrate where the agreed structure is made an order of Court.

In order for the Consumer to be afforded the protection of the National Credit Act, it is a pre-condition that; the Consumer is employed, earn a regular income and appreciates that all their credit facilities will be frozen whilst under Debt Review.

Debt Review therefore, is an opportunity, to help Consumers realistically restructure their debts, in order to avoid the alternative of costly and complicated legal action.

Our Clients

Consumer Friend | Woolworths
Consumer Friend | Truworths
Consumer Friend | TFG
Consumer Friend | Sanlam
Consumer Friend | RCS
Consumer Friend | JD Group
Consumer Friend | capfin
udu-smart-online-loans
Consumer Friend | Our Clients | Full House
Consumer Friend | Our Clients | Mr P

News

12/06/2018

DReX & Simplicity

Did You Know DReX Can Talk Directly To Simplicity? (Click the image for the full article)
12/06/2018

Consumer Friend & The POPI Act

Consumer Friend Offers Way To Handle POPI Act Complications… (Click the image below for the full article)
12/06/2018

Annual Debt Review Awards 2018

Consumer Friend once again taking home the prize at the Annual Debt Review Awards 2018… (Click the image below for the full article)

Contact Us

DURBAN OFFICE

3 The Crescent East
Westway Office Park
Westville, Kwazulu Natal
3629
Tel: 031 251 4150


STELLENBOSCH OFFICE

Titan House
3 Termo Street
Technopark, Stellenbosch
7600
Tel: 031 251 4150


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