Client Case Study: Lerato M. – Cape Town, Age 42
“I was drowning in credit card debt, struggling to pay my bond, and avoiding phone calls from creditors. I felt helpless and ashamed. I thought I would lose my car… and maybe even my house. Then I found DebtLift.”
Lerato’s Situation Before DebtLift
- Monthly Debt Instalments: R14,500
- Total Debt: Over R350,000 (including credit cards, personal loans, retail accounts, and vehicle finance)
- Challenges: Missed payments, threats of repossession, legal letters from creditors
- Status: Over-indebted, blacklisted, and emotionally overwhelmed
What DebtLift Did
- Completed a full, free financial assessment to understand Lerato’s situation
- Negotiated with creditors to reduce interest rates and extend repayment terms
- Consolidated her debt into one legally structured and affordable monthly instalment
- Protected her from legal action and asset repossession
- Enrolled her in a regulated Debt Review Plan, managed by a Payment Distribution Agency (PDA)
The Outcome After DebtLift’s Intervention
- New Monthly Instalment: R7,950
- Monthly Savings: R6,550
- Total Instalment Reduction: 45%
- Assets Protected: Home and vehicle
- Credit Recovery: On track to complete debt review and restore credit within 48 months
“I never thought I would recover from this. Now I have breathing room and a plan. Thank you, DebtLift.”
