Name: Debt Rescue
Address: 85 Friedman St, Kempton Park, 1619, South Africa, ZA
Telephone: +27 86 112 3644

Debt Rescue is a lawyer, located at 85 Friedman St, Kempton Park, 1619, South Africa. They can be contacted via phone at +27 86 112 3644, visit their website debtrescue.co.za for more detailed information.

Location :

85 Friedman St, Kempton Park, 1619

Contacts :

Added by Jopie, at 01 February 2017

Monday 8:00 AM – 4:30 PM
Tuesday 8:00 AM – 4:30 PM
Wednesday 8:00 AM – 4:30 PM
Thursday 8:00 AM – 4:30 PM
Friday 8:00 AM – 4:00 PM
Saturday 9:00 AM – 1:00 PM
Sunday Closed

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Anonymous

07 March 2018

I thought they were all that and professional. They are actually just like the rest of other Debt review companys. All they want is your money and then they let you suffer in your same financial misery..

Its when I cancelled the program when I discovered just how unprofessional Debt Rescue really is. In the email which they sent to creditors, they literally incited creditors to take action against me!! What kind of wickedness is that when they are supposed to be on the consumer's side? Let them refute this and I will post the whole email.

Secondly, they lied about my reason for wanting to cancel Debt review. They said I didnt corporate! What a lie. I have all communication with them to prove just how much I provided all required documents, information, etc., and they were debiting my account all along.

Its them that didn't fulfill all their Paradise like promises. I had to follow up with creditors for myself.

All I can say to people is to stay very far away from any Debt review, administration, whatever the terminology may be. They are all just interested in your money, period. If you have accounts in arrears, just negotiate with creditors. Debt counseling is straight from the Devil, I can tell you.

Debt Rescue is no different. I can say they are probably better than others, but they won't fix your financial problems. Debt review will make your situation worse than before and you might be trapped for 5 years and at the end of five years, all your loans would have
doubled.

Updated Review..

Debt Rescue has since apologized for the way they handled my cancellation of Debt Review program with them.

I think this is a rare occurrence with most of these Debt Review companies. Therefore, I give it to them for that.

But my initial impression about Debt counseling stands.

continued..

Let me add a few specifics that I think might assist someone out there.

Lets take an example of Debt Review in General. Suppose you do an assessment with one of these "Top" Debt Counseling Companies. Say your total assessment on all your accounts is R10,000, the first two to three months of this R10,000 installments (Total R30,000) will go to the Debt Counselor.

The creditors will only start getting paid in full in the 4th month. Well, you could celebrate per-maturely that all your woes and threats from creditors are finally gone. Wrong!!.

You have just paid the Debt Counselor R30,000 of the amount that you could have used to reduce your debt by R30,000.

Remember that though the interest rate on most of your loans may reduce significantly, your actual debt plus now the 3 months arrears on all your loans is still waiting for you.

Here is a real twist. Lets assume you have car finance where you are paying R4500 per month, your car loan even after going under Debt Review wont reduce more that R500. Meaning that you will now start paying R4000 on car installments. Remember the past three months you have been paying the so called legal fees and now you are in arrears on your car finance by R4500 * 3 months = R13500 in arrears.

To make matters worse, the Debt Counselor and the Payment Distribution Agency (PDA) will take not less than R2000 per month of the total installments of R10,000 that you are paying to all your loans.

Here is the Maths:
- R10,000 is total Installments paid to all your 10 Creditors
- From the 4th month, R4000 is going to your secured loan (Car)
- R2000 is going to your Debt Counselor/PDA
- The remaining R4000 will be distributed among all the remaining 9 creditors!
- If we were to equally distribute the remaining R4000, each unsecured loan would get R444.44!

Fast forward
After 12 months of being under Debt Review, you would have paid the Debt Counselor and PDA a total of:
R10,000 * first 3 months = R30,000 (Legal fees)
plus
R2000 per month * 9 months = R18,000
Total = R48,000!!!

Car Finance would have received R4000 * 9 = R36000 out of R54,000 (Original R4500 * 12)
Each of the other loans after 12 months: 9 months * R444.44 = R3,999.96

WINNER = The Debt Counselor!!!!
Anonymous

10 January 2018

My mother was experiencing financial difficulties and so that forced her to go under Debt Counselling with a very shady debt counsellor in cape town. When I was going through her financials, I saw that they were taking money from my mothers account but at the end of the month, nothing was being paid back to her creditors. I was then referred to Debt Rescue who right away helped me with my situation by answering all of my questions with their knowledge and expertise. Once I knew what the next step was thanks to the Debt Rescue people, I immediately switched her to Debt Rescue who have made me not regret my decision since. Since moving to Debt Rescue, my mother has been able to pay off her debt without having to spend all of the allowance she gets which not only makes it easy for her but for me.
Anonymous

12 December 2017

Was very help full during hard times. Thank you Debt Rescue for helping me become debt free.
Anonymous

07 December 2017

Incredibly friendly and efficient staff! Never thought I would have such a pleasant experience dealing with my finances.
Anonymous

21 November 2017

“I have been scared of Debt Review because of the way it was marketed by other people and Debt Review Companies. Debt Rescue simplified it for me and she was super-quick in assisting me and answering all my concerns and questions. I wish all the places dealing with Customers could be just like them. They are one of a kind. While we were in the process I got three different calls from Various Debt Counsellors, because I made a lot of internet searches, but I had to decline them because of the way I was treated by Debt Rescue. Please keep up the good work and your excellent commitment to Service Delivery. Thank you very much!”
Anonymous

21 November 2017

I want to thank all of you for everything, especially Christelle, for being so understanding and friendly. You guys truly were lifesavers!
Anonymous

20 November 2017

Your Debt Review program made it possible for me to wake up in the morning without a headache. Thank you!
Anonymous

20 November 2017

Thank you for the support and the assistance that Debt Rescue has given me, without your help I can't imagine where I would have been. Thank you, thank you.
Anonymous

21 September 2017

Amazing support when I was under debt review, but since I voluntarily withdrew, their support in getting my credit records cleared/providing me with a clearance letter, even after numerous mails providing paid up letters from my creditors, NO JOY!
Anonymous

08 February 2017

Excellent costumer service!!