Debt Mediation
What is Debt Counselling?
Debt mediation is a structured process where a professional debt mediator negotiates with your creditors on your behalf to lower your monthly debt payments. The mediator assesses your financial situation and proposes a repayment plan that benefits both you and your creditors. If they accept the proposal, you’ll have a new, manageable repayment structure that fits your budget.
Debt Mediation vs. Debt Review
What's the Difference?
Many people confuse debt mediation with debt review, but they serve different purposes:
Debt Review is a formal, legally regulated process under the National Credit Regulator (NCR). Once your debt is under review, creditors cannot take legal action against you.
Debt Mediation is a voluntary process that is not regulated by the NCR. It provides flexibility and negotiation options without placing your debt under formal administration
Is Debt Mediation Right for You?
If you’re struggling with debt and need a solution that eases financial pressure without formal legal constraints, debt mediation may be a great option. It can help you:
- Reduce your monthly debt payments
- Prevent harassment from debt collectors
- Regain control of your finances
How to Get Started with Debt Mediation
Selecting the right professionals is crucial. National Debt Fund is an NCR-accredited firm with a team of skilled debt mediators dedicated to helping you regain financial stability.
Schedule a consultation where a NDF expert will assess your financial situation and explain how debt mediation can work for you.
To develop an effective repayment plan, you’ll need to share key financial information, including your income, expenses, and outstanding debts.
Our experienced mediators will work directly with your creditors to secure a repayment plan that is fair and manageable for you.
Once an agreement is reached, you’ll have the opportunity to review the terms. If everything aligns with your needs, you’ll sign the plan to move forward.
By sticking to the agreed-upon payments, you’ll stay on track toward financial freedom and a debt-free future.