Debt Blog

Opting for Debt Counselling

If you are feeling overwhelmed and feel that debt has taken over your life, don’t despair.
Download the below information pack which contains an info graphic that will give you a better idea of the debt counselling process and how we can we can help you obtain debt relief.

Debt Review – How it works – Part 1

You may be wondering what debt review or Debt Counsellor is. Well, here’s a brief explanation:
Recently a new Act was made into law called the National Credit Act (the NCA).

In the NCA (which talks all about credit and credit accounts) there is a section (Section 86) which deals with what to do if a consumer has too many debts, too many obligations and not enough money to pay for everything. This section specifically mentions something called debt counselling. Debt Counselling would be advice about your debt from a qualified debt counsellor. A Debt Counsellor would be registered with the National Credit regulator (who is an industry watch dog – of sorts.)

Debt Review consumers complain about harassment

It seems that over 2000 consumers feel they have been harassed by the banks while under debt review. The number is undoubtedly higher however this petition did not receive support from the Debt Counsellors Association of South Africa ( DCASA) nor from the Alliance of Professional Debt Counsellors (AllProDC) So the number (though high- representing …

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