Blogs
Debt Review – How it works – Part 2
A New Budget: The Debt Counsellor will also help the consumer set a new budget for household expenses since this is often totally overlooked by consumers. It is very important that consumers then stick closely to this suggested budget amount if they want their debt review to succeed. The Debt Counsellor will then use computer …
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I want to complain about my banking services
If you are unhappy and need to complain then remember that you can complain to the Credit Ombud if you have a dispute with a credit bureau, a Debt Counsellor (DC) or a credit provider but not if the credit provider is a bank (unless you are under debt review with a Debt Counsellor in …
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Debt Vader Talks Virtual Arrears
Debt Vader Talks Virtual Arrears As the Debt Counselling industry evolves, it becomes more and more evident that credit providers treat Debt Re-arrangement Court Orders as inconsequential, even going so far as to ignore the court orders by refusing to update their internal computer systems to reflect the restructured debt as per the Debt Re-arrangement …
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If you are under Debt Review
Well, if you are under debt review a diet (if that’s what you call just eating less) is a great way to cut down on the crazy raising food costs and exercise is a great form of entertainment that can be achieved for minimal costs. Prices are shooting up left, right and center; with fuel …
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Know and Understand Your Rights, Urges the NCR
Know and Understand Your Rights, Urges the NCR As part of Consumer Rights Month, the National Credit Regulator (NCR) has urged consumers to be aware of their rights when it comes to credit agreements. “It is your money and therefore, it is your right as a consumer to have full knowledge of all credit agreements …
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Debt Review – How it works – Part 3
Debt Review – How it works – Part 3 The Payment Distribution Agencies (PDA’s) The payment distribution agencies are companies that distribute consumers funds for them. You won’t find them mentioned in the NCA at all but the National Credit Regulator thought it would be a good idea. They have encouraged Debt Counsellors to use …
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Do you have a contract with your PDA?
Do you have a contract with your PDA? If you are a debt Counsellor or a consumer who is under debt review you might be making use of a Payment Distribution Agent (PDA). It is widely known that while PDA’s are not mentioned in the National Credit Act the National Credit Regulator (NCR) want Debt …
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The costs of ignoring Section 129 letters add up
The costs of ignoring Section 129 letters add up The National Debt Mediation Association (NDMA) says it is concerned that consumers are not aware of the costs of legal action should they delay seeking assistance when they start experiencing difficulties with meeting their monthly debt obligations. When a Creditor is about to take legal action …
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The costs of ignoring Section 129 letters add up Read More »
Debt Management Benefits
Debt Free With Zero Debt The National Credit Act Protects You! Debt Management Benefits Reduced interest rates down to 0%, accepted by creditors Monthly repayments reduced No additional loans 95% of our clients are debt free within 36 – 60 months Free debt assessment
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