Mohau Debt Counseling

Debt Counseling & Consolidation

We advise individuals on how to manage their finances

Debt consolidation services are a welcome relief for many consumers who are overwhelmed by their debt. If you have unsustainable debts it is advised that you consult with Mohau Holdings debt counselors on your current situation to best understand your options for managing your debt.

Debt Consolidation is a safe, effective way to responsibly pay your credit card debt. You'll make one simple payment every month and we'll pay your creditors, all while saving you time and money. Our clients see average interest rate reductions of 64%, reducing their monthly payments by around 25%.

KAYA BIZ | Interview

Frequently asked question

Debt Counselling is a formal legal process that provides for a consumer to be declared over indebted and for the Debt Counsellor to negotiate a restructured payment plan and obtain a court order confirming the new repayment plan.

The National Credit Act introduced Debt Counsellors who have been trained to help and guide people with debt problems, to design debt repayment plans and negotiate agreements with creditors to enable people to afford their monthly debt obligations. This process is called Debt Review.

Once you have settled all your debt through the debt review process you will be issued with a clearance certificate. This certificate is also sent to all credit providers and credit bureaux.

Paying off your debts is the most important step in reestablishing your credit history. Lenders, including credit card providers, usually update your account information once a month. For that reason, we suggest you allow a minimum of 30 days and up to 45 days for the account information to be reported.

Yes! One of the good things about your credit report is that negative information and closed accounts are deleted so that you can rebuild a damaged credit history. A closed account with late payments in its history will be deleted seven years from the original delinquency date of the account.