Regain Control Of Your Finances
MDA offers a range of debt solutions, in line with the National Credit Act (NCA). Their services are designed to help individuals regain control of their finances, ensuring compliance with Section 3(c) of the NCA.
Who we are
Your trusted partner in financial freedom. With a steadfast commitment to empowering individuals and families, we have been a beacon of hope for thousands of people navigating the complexities of debt for over eight years.
Benefits
Debt review, also known as debt counseling, can offer several benefits to individuals struggling with their finances:
Debt Consolidation
Budgeting Assistance
Legal Protection
What is Debt Review?
Debt review, also known as debt counseling, is a formal debt management process designed to help individuals who are struggling with their finances. It is typically offered by debt counselors who work with individuals to develop strategies for managing and repaying their debts more effectively.
FAQ
We have the answers to your questions!
Debt review, also known as debt counseling or debt consolidation, is a formal process designed to help individuals manage and repay their debts more effectively. It involves working with a specialized agency or counselor to assess your financial situation, negotiate with creditors, and create a structured repayment plan tailored to your needs.
To qualify for debt review, you typically need to have a steady source of income and be struggling to meet your financial obligations due to overwhelming debt. Each case is unique, so it’s best to consult with a debt counselor to determine if debt review is the right option for you.
Entering debt review may have a temporary impact on your credit score, as it involves negotiating new repayment terms with creditors. However, successfully completing the debt review process can demonstrate responsible financial behavior and may ultimately improve your credit score over time.
The duration of debt review can vary depending on factors such as the amount of debt you owe, your creditors’ cooperation, and your ability to make regular payments. On average, debt review programs typically last between three to five years, but this can vary based on individual circumstances.