Debt ConsolidationOne payment. Less stress.
If your monthly debt repayments are becoming unmanageable, debt consolidation could reduce your interest rate from an average of 21% to around 3% — combining everything into one affordable payment.
150,000+
South Africans helped by DebtBusters
R17 Billion
Debt currently under management
21% → 3%
Average interest rate reduction
How debt consolidation works
You apply for debt review
A registered debt counsellor reviews all your debts and monthly obligations to assess your situation.
Your debts are restructured
All qualifying debts are consolidated into a single, reduced monthly payment — negotiated directly with your creditors.
You pay one amount each month
A payment distribution agency distributes your single payment to all creditors. You no longer deal with multiple debit orders.
You are debt-free at the end
Once all debts are settled according to the restructured plan, you receive a clearance certificate and are removed from debt review.
What debt consolidation can do for you
One lower monthly payment
All your debt repayments are combined into a single, lower monthly payment — typically significantly less than what you pay today.
Interest rate reduction
Your interest rates are negotiated down — from an average of 21% to around 3% for many clients.
Legal protection from creditors
While under debt review, creditors cannot take legal action against you or repossess your assets.
Keep your assets
Debt consolidation through debt review allows you to keep your home and vehicle while repaying your debts.
Who is debt consolidation right for?
Monthly debt over R3,000
You are paying more than R3,000 a month across multiple debts — credit cards, store cards, personal loans.
Struggling to keep up
Your monthly debt repayments represent more than 40% of your take-home income.
Employed or self-employed
You have a regular income — you can afford a restructured payment, just not your current one.
Unsecured debt
Debt consolidation works for credit cards, store accounts, personal loans, and overdrafts.
We connect you with DebtBusters
South Africa's largest debt management company. Founded in 2004, part of the Intelligent Debt Management (IDM) Group. 150,000+ clients helped. R17 billion of debt under management. Free initial assessment.
Check if I qualify — free assessmentDebt consolidation FAQ
What is the difference between debt consolidation and a debt consolidation loan?
A debt consolidation loan is a new loan you use to pay off existing debts — you still owe the full amount plus new interest. Debt counselling (what DebtBusters does) restructures your existing debts with your current creditors — no new loan is required and interest rates are negotiated down legally.
Will debt review affect my credit record?
Yes. While under debt review, your credit record will reflect this status and you cannot take on new credit. This is a legal protection mechanism, not a penalty. Once your debts are settled and you receive a clearance certificate, the debt review status is removed from your credit record.
How long does debt review take?
The timeline depends on your total debt, the restructured payment amount, and how consistently you pay. Most consumers complete debt review between 3 and 7 years. DebtBusters will give you a personalised timeline after their assessment.
What happens after I apply through INSURELOANSA?
We send your details to DebtBusters. A qualified debt counsellor from DebtBusters will contact you to conduct a full assessment — reviewing all your debts, income, and expenses — at no cost. INSURELOANSA does not conduct debt counselling — we are a referral service.
Find out if debt consolidation is right for you
Answer a few quick questions and SAM will check whether your situation fits the basic eligibility criteria. If it looks like a match, we will connect you with DebtBusters for a free, no-obligation assessment.
Check if I qualifyINSURELOANSA provides a referral service for debt consolidation. We connect you with a registered debt counsellor regulated under the National Credit Act (NCA). We do not conduct debt counselling, assess affordability, or guarantee any outcome. DebtBusters will conduct their own full assessment before any debt review is applied for. Debt review has implications for your credit record — speak to a registered debt counsellor before making a decision.