Debt Management
Simplify your debt payments with debt consolidation as your first step.
How can we help you?
At Vantage Debt Management, our team of dedicated financial consultants is committed to helping you take control of your financial future. If you’re feeling burdened by multiple loan or credit card payments, we work directly with your creditors to secure better terms and establish a single, manageable monthly payment that aligns with your budget. This service is available to individuals who meet the minimum qualification criteria.
Our Process
Free Debt Assessment
We review your credit profile to understand your challenges and goals.
Analysis & Recommendations
Receive a clear overview of your finances with tailored debt solutions.
New Repayment Plan
We negotiate lower payments and interest for one simple monthly payment.
Ongoing Support
Your account manager is available for quick, professional assistance.
Become Debt-Free!
Once settled, we provide a clearance certificate, freeing you to achieve your goals.
Let’s get started with your free debt assessment
An experienced consultant will contact you to understand your financial situation. We can then recommend the best options to get you out of debt quickly and affordably. In addition, you will get a free credit report & financial health report.
Case Study: How Debt Consolidation Helped Mohammed
Mohammed has been experiencing challenges in repaying his debt for the past few months. He approaches Vantage to see how they can assist him with his debt challenges. The consultant at Vantage conducted a detailed assessment on Mohammed’s financial position and the following was concluded:
Mohammed’s net income: R25 000
Mohammed’s total monthly expenses: R11 000
Mohammed’s current total monthly debt repayment: R17 609
View Mohammed’s current debt profile below:
| Credit Provider | Current Balance | Current Instalment | Remaining Term (Months) | Current Interest Rate |
| Wonga | R 6 000 | R 6 300 | 1 | 60% |
| Bayport | R 15 000 | R 1 425 | 12 | 25% |
| ABSA | R 25 000 | R 1 272 | 24 | 20% |
| Capfin | R 8 000 | R 8 200 | 1 | 30% |
| Truworths | R 4 500 | R 412 | 12 | 18% |
After reviewing Mohammed’s profile, Vantage found that he has a monthly shortfall of R 3 609 (Income minus Expenses minus Debt Repayments). Although this indicates he is overindebted, the total debt Mohammed has is quite low relative to his net income. In addition, most of his debts are short term, which suggests that a consolidation loan could be a good solution. Mohammed also has a very good credit score which increases his chance of getting a consolidation loan.
Therefore, Vantage recommended Mohammed to approach Bank X to apply for a consolidation loan. Bank X approved the consolidation loan and paid a lump-sum of R58 500 to his account. Mohammed used this amount to settle all his accounts and now he only has one loan remaining.
| Credit Provider | Bank X |
| Current Balance | R 58 500 |
| Current Instalment | R 2 357 |
| Remaining Term (Months) | 36 |
| Current Interest Rate | 26% |
Now Mohammed only needs to pay R2 357 per month towards Bank X, this is R 15 252 less that what he needed to pay previously. This consolidation loan has improved Mohammed’s cash flow significantly.
It is important to note that in most cases, consolidation loans only help consumers to reduce monthly debt repayment when they mostly have short term debt with high interest rates. If you have assets or long-term debt, this solution may not be the best for you.
Why Vantage
Registered with NCR
Vantage Debt Management is registered with the National Credit Regulator (NCRDC 2955) and complies with all regulatory guidelines as per the National Credit Act.
FREE Valuable Insight and Advice
We offer financial assessments and expert advice to manage your debt. You will get a credit report, financial health report and professional advice, all completely free.
Affordable and Flexible Repayment Plans
With our vast experience, industry knowledge and the latest technology we can accurately find the most affordable solution for you. The time it will take to repay your debt is flexible and in your control.
Your Own Specialized Account Managers
To ensure you are always comfortable, you will have a dedicated team to speak to regarding any queries you may have. Our friendly and experienced staff are here to listen and help you whenever you need them.
Ethical and Transparent
We pride ourselves in being open and honest in everything we do. Transparency, honesty & respect is in our DNA.