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History of DebtBusters

Founded in April 2004, DebtBusters is South Africa's leading debt management company, operating from their primary office in Cape Town. As part of the Intelligent Debt Management (IDM) Group, DebtBusters has a staff complement of more than 400 employees, all highly skilled to serve clients nationally.

To date, over 750 000 South Africans have reached out to DebtBusters looking for a financial solution. Of these, DebtBusters has helped over 150 000 consumers across the country.

DebtBusters knows that debt does not discriminate. Knowing this helps to reach a demographically diverse audience, whilst creating an esteemed position as an industry thought leader and catalyst for industry growth.

Product Offering

DebtBusters offers a full range of tailor-made solutions for consumers struggling with various levels of debt.

These services include Credit Report and Repair, Debt Consolidation, Debt Counselling, Debt Settlement, Financial Planning and Education and Insurance Reviews.

The Services are tailored based on the debt level and needs of each individual.
DebtBusters' full range of solutions offered:

  • Debt Assessment
  • Debt Management
  • Debt Counselling
  • Insurance Reviews
  • Financial Planning
  • Credit Repair
  • Financial Education
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Unique Benefits

DebtBusters' clients receive the following:

  • A full understanding of their current debt situation
  • Budget advice and calculations to determine the client's debt to income ratio
  • A thorough debt assessment which will determine the client's indebtedness status
  • Debt management advice and access to tools such as budget calculators, credit reports and financial education.
  • Debt counselling for individuals who are declared over-indebted
  • Lower interest rates negotiated with the client's credit providers
  • Better cash-flow unlocked to afford living expenses
  • Legal protection
  • A consolidated debt repayment solution


DebtBusters are South Africa's leading and most awarded debt management company, having won the annual industry Debt Review Award for best National Debt Counsellor in 2014, 2016, 2017, 2018 and 2019.

DebtBusters also won the Readers' Choice Award for The Star Newspaper in 2018 and 2019.

Other accomplishments include:

  • Saving our clients over R1 billion in interest and fees.
  • To date, helped over 150 000 clients and their families across all provinces in South Africa.
  • Reduced, on average, interest rates on our clients' accounts from 21% to 3%
  • Managed over R17 billion of debt, with R7 billion currently under management
  • Disbursing more than R2 billion of debt repayments to credit providers per year
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