- Mon - Fri: 08:00 - 17:00
- 123 Relief Street, Arcadia, Pretoria
- +27-12-345-6789
How It Works?
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Start your debt-free journey
Six simple steps
Our mission is to ensure that you have more money available for everyday living expenses.
Online Application
Submit your details to us via our online application form and one of our consultants will call you back within 24 hours.
Step 2
Consultation assessment
A consultant will go through your income and expenses and determine whether you are over-indebted (when your expenses exceed your income and you are struggling to make your debt repayments on time). If this is the case, you qualify for debt mediation. Please note: You don’t have to physically visit our offices. Your entire enquiry and application can be done telephonically and on-line.
Step 3
involve credit provides
We will then notify all of your credit providers and the credit bureaus that you have applied for debt mediation with Tryco Debt Management. Your credit providers won’t be able to take legal action against you for 60 working days from receipt of this notification
Step 4
Restructure
Once we get your COB’s from your creditors we now use all the information to draft a reasonable repayment proposal that will suit your budget – and this will then be sent to your creditors.
Step 5
Suit your budget
Tryco will now negotiate with your credit providers to have your monthly installments and interest rates reduced, have your repayment terms lengthened – and ultimately ensure that your new repayment plan makes more money available for your everyday living expenses.
Step 6
Success, you can afford
Our specialist attorneys will apply to the magistrates court to have your new debt repayment plan declared a court order that is legally binding. Your debt counsellor will be the applicant on your behalf, so you won’t have to appear in court.
main principles
FAQ’s on debt solutions
What is a debt solution?
A debt plan is a system that is set in order to help you get out of debt. Debt counselling, by the debt mediation process, is the most supervised and is most suited to any South African that has a regular source of income and is unable to pay their monthly debt installments.
When do I need a debt solution?
When you begin to feel uneasy about your financial condition, you should start looking at the debt options that are open to you.
Many people wait until they have already missed monthly payments and their creditors have taken court action against them before seeking assistance. Unfortunately, in most cases, it is too late.
What kinds of debt will Tryco debt solution of debt mediation help me with?
Through the process of debt review, Tryco can help significantly lower your installments on:
Unsecured debt:
- Retail (store) accounts
- Credit cards
- Personal loans
- Vehicle loans
- Overdrafts
Secured debt:
- Home loans
