Paying off your debts could seem impossible but there are options to help you out and make the process a little easier. It is important to educate yourself about your options so that you can make the right decision. Debt review and administration are commonly misunderstood to be the same thing. Here are the main differences between debt review and administration.


Administration is a process whereby the client’s debt is reduced, and payments are made to the client’s creditors every 3 months. This is possible as the terms are extended. The downfall to this process is that it is lengthy and is a much longer process than debt review.

Main points regarding the process:

  • Your debt must be under R 50 000
  • Interest rates can only be reduced to 15.5%
  • The terms of the repayments are extended indefinitely
  • Payments to creditors are paid every 3 months
  • Fees are 12.5% plus VAT and distribution costs per month

Debt review

Debt review is a debt management process that Meerkat offers. The process protects you from your creditors, so they are legally not allowed to contact you. Your debt repayments are reduced, and you must pay one reduced repayment each month.

Main points regarding the process:

  • Your interest rates will be reduced so you pay lower repayments
  • You will be protected from your creditors
  • Your assets will be protected under debt review
  • Your living expenses will be considered so you can afford the repayments each month
  • The process cannot last more than 5 years
  • After you have finished the process you will receive your clearance certificate

What’s next?

Now that you know the difference between debt review and administration you can make the right decision to suit your needs!

If you are struggling to make your monthly repayments, you can contact Meerkat today and we will help you to reduce your repayments and become debt free. Meerkat can help you towards a better financial future.