Our Services
Tailored solutions for your unique financial situation
Liquidation
Liquidation involves converting assets into cash to pay off outstanding debts. This approach helps you close one chapter of your financial life and start anew with a clean slate.
How We Help
We'll help you identify which assets can be liquidated, guide you through the process to maximize value, and ensure the proceeds are distributed fairly to creditors according to legal requirements.
Who It's For
This option works well for individuals with valuable assets who prefer to resolve their debt situation quickly rather than through a longer payment plan.
You reach out to Debt-Correct for a free, confidential consultation. We review your financial situation and explain your options.
01
Assessment
Proposal
02
We create a tailored repayment plan based on your income and debt commitments, ensuring it is realistic and sustainable.
Debt-Correct negotiates directly with your creditors to reduce instalments, interest rates, and fees where possible.
03
Negotiation
Your repayment plan is made an official court order. Creditors can no longer harass you or deduct from your salary without permission.
Legal
Protection
04
You make one simple, reduced monthly payment to a Payment Distribution Agency (PDA), who pays your creditors on your behalf.
05
Regular Payments
Once all debts are settled, you graduate from the program. Your credit record is cleared, and you can start fresh with financial freedom.
Debt-Free
06
Frequently Asked Questions
While some debt solutions may initially impact your credit score, the long-term benefits of becoming debt-free far outweigh temporary impacts. We'll help you understand all implications before you decide on any course of action.
The timeline varies based on your specific situation and the solution chosen. Some processes can be completed in a few months, while others may take several years. We'll provide a clear timeline during your consultation.
Absolutely. Client confidentiality is our top priority. We adhere to strict privacy policies and never share your information with anyone without your explicit permission, except as required by law for the debt resolution process.
