Debt Settlement Assistance
Negotiating Fair Settlements on Outstanding Accounts
We approach creditors and collection agencies to seek possible settlement discounts or affordable payment arrangements.
The service
About Debt Settlement Assistance
Many creditors and collection agencies will consider a settlement proposal, particularly on older or long-outstanding accounts. A settlement may involve a once-off reduced payment or a structured arrangement.
CrediSure prepares and presents settlement proposals on your behalf and ensures that any agreement reached is documented in writing before payment is made.
Our role
How CrediSure Assists
- Confirm outstanding balances and account details
- Prepare settlement proposals based on what you can afford
- Negotiate with creditors and collection agencies
- Ensure settlement terms are confirmed in writing
- Request paid-up letters and follow up on profile updates
Step by step
The Process
- 01
Account confirmation
We confirm balances and account details.
- 02
Affordability review
We establish what settlement amount is realistic.
- 03
Negotiation
We present proposals to creditors and agencies.
- 04
Written agreement
Terms are confirmed in writing before payment.
- 05
Paid-up confirmation
We request paid-up letters and profile updates.
Potential benefits
- Potential reduction in the total amount payable
- Written settlement agreements for your protection
- Paid-up letters to support your credit profile
Important considerations
- No fixed discount can be guaranteed; each creditor decides independently.
- Creditors are not obliged to accept a settlement proposal.
- Never make a settlement payment without written confirmation of the terms.
Illustrative example only
| Outstanding balance | R 20 000 |
| Settlement proposal accepted by creditor (example) | R 12 000 |
| Example difference | R 8 000 |
This is a hypothetical illustration, not a typical or expected outcome. Actual results depend entirely on the creditor, the account and your circumstances.
FAQ
Debt Settlement Assistance — common questions
How much discount can I expect?+
There is no fixed discount. Outcomes depend on the creditor, the age of the account and your proposal.
Will a settled account show on my credit report?+
Once settled, the account should be updated. We request paid-up letters and follow up with bureaus where appropriate.
CrediSure Consultings provides credit advisory and assistance services. Eligibility and outcomes depend on individual circumstances, creditor responses and applicable legal requirements. No specific result, credit score improvement, debt deletion or loan approval is guaranteed. Information on this website is general in nature and is not legal advice.
Related perspective
What Happens After Settling an Account? →Paid-up letters, bureau updates and how settled accounts are reflected.
Independent industry resources
An informed perspective
Public guidance from regulators, credit-information specialists and complaints bodies.
These are independent reference sources, not testimonials about CrediSure. Inclusion does not imply endorsement, affiliation or a partnership. General guidance is not a decision on your individual case.
Find out whether debt settlement assistance may be right for you
Speak to our team about your credit profile and discover the solutions that may be available to you.