| Comparison | Reset consolidation loan | Debt review |
|---|---|---|
| What it is | A new loan that settles your existing debts directly | A legal process that restructures your debt repayments |
| Credit bureau flag | No - your credit profile remains active | Yes - you are flagged under debt review at all credit bureaus |
| Access to new credit | You can still access credit responsibly | You cannot access any new credit while under review |
| Process speed | Faster - typically weeks | Slower - can take months to implement |
| Who manages it | Reset settles your debts directly on your behalf | A registered debt counsellor manages the process |
| Best suited for | Employees with manageable debt needing relief and a clear path forward | Not recommended unless all other options have been exhausted. |
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Consolidation loan or debt review - what is the difference?
Many South African employees have been approached about debt review without fully understanding what it means for their financial future. Here is an honest comparison.
Side-by-side comparison
Consolidation vs debt review
Both options can reduce pressure, but they work in very different ways. The right route depends on your income, debt position, and long-term goals.
Understand the route before you choose it
Debt review exists for a reason - it provides legal protection for people in serious financial distress. But it is not the right solution for everyone, and it carries long-term consequences that are not always explained upfront. If you have a stable salary and multiple debit orders eating into it each month, consolidation is worth understanding before committing to anything else.
If you are unsure which route is right for you, speak to one of our consultants. We will give you an honest assessment - even if the answer is that consolidation is not the right fit for your situation.
If you are unsure which route is right for you, speak to one of our consultants. We will give you an honest assessment - even if the answer is that consolidation is not the right fit for your situation.
Get clarity before you choose
Not sure whether consolidation or debt review is right for you?
Speak to a Reset consultant for a clear, honest assessment of your options.