Stressed about Money? Here are 8 Tips to help you cope with Debt Depression.

Stressed about Money? Here are 8 Tips to help you cope with Debt Depression.

Stressed about Money? Here are 8 Tips to help you cope with Debt Depression. Financial stress over debts is very dangerous and can cause anxiety, depression, raise blood pressure, or lead to insomnia or substance abuse. In this stage of the debt acceptance cycle consumers are confronted with the reality of their financial situation and the choices that have led them to this predicament. It is indicative of hopelessness and desperation. Experts say that depression Read more…

Is Debt Review a good thing?

Is Debt Review a good thing?

Is Debt Review a good thing? The answer is undoubtedly that debt review is a very good thing for over-indebted consumers. In the long run, Debt Review not only provides debt relief to over-indebted consumers from their creditors but by staying with the process, it will eventually help you pay off all your creditors and enjoy a debt-free life. This is actually a very good thing, as it prevents you from racking up more debt Read more…

5 Steps on How to Apply for Debt Review

5 Steps on How to Apply for Debt Review

Here we explain 5 steps on how to apply for Debt Review/Debt Counselling as well as 10 steps of the Debt Counselling Process Debt Review Application Methods & Debt Review Process Explained. In this section, we are going to explain the debt review or debt counselling application process as well as the methods you can use to save time, money and effort when applying for debt counselling. The easiest way to apply for debt review Read more…

What are the benefits of debt review?

What are the benefits of Debt Review?

In our days many consumers often turn to debt review as a solution to their financial problems.  The National Debt Review Center, warns that applying for debt counselling should be carefully considered as there are both advantages and disadvantages to the process. Debt counselling was introduced in 2007, with the National Credit Act 34 of 2005 and the service was designed for consumers that are over-indebted. One of the major advantages is that debt counsellors Read more…

The National Debt Review Center

Debt Counselling Advice

Debt counselling advice when choosing the best debt review or the best Debt Counsellor for you or a loved one. At first, the debt counselling process can be overwhelming. You may have questions about how will this affect your credit score, how long will the process take, and how much will it cost you. But if you are partnered with a responsible and trusted debt counselling company you will be guaranteed peace of mind. The Read more…

What happens when the debt review has been completed?

Before understanding what you are allowed to do once the debt counselling process has been completed, it is important to understand what happens during the process and why you are unable to take on additional credit while under debt counselling. When a client signs up for debt counselling, The Debt Counsellor will ensure that all credit bureaus and credit providers are notified that the client is now under debt review. The credit bureaus will then Read more…

What is reckless lending?

What is reckless lending?

Reckless lending is something that has become a vital concern, as many South African consumers have fallen victim to it. If you feel you have entered into a credit agreement and witnessed a case of reckless lending, immediately contact The National Debt Review Center for immediate assistance. According to the National Credit Act, the regulations about reckless lending go as follows: 80. (1) A credit agreement is reckless if, at the time that the agreement Read more…

What is prescription or prescribed debt?

What is prescription or prescribed debt?

The prescription was introduced as means of protecting South African consumers from unscrupulous credit providers, who are accountable for recklessly lending credit and have contributed to the detrimental debt crisis South Africa currently faces. Prescription in South Africa can be better understood by reading the following. South African consumers have the two defenses, induplum and prescription, against credit providers: 1. Induplum: The in duplum rule simply put, states that upon default, the interest charged against Read more…

How to remove your name from debt review?

We are pretty much sure that the reason why you are here is that you are wondering on how you can clear your name from debt review/debt counselling. Read below as we explain the steps that you can take in order for you to get your name cleared.  Step 1 – When can a consumer (YOU) exit the debt review process? Section 71(2)(b)(i) of the National Credit Act initially made provision for consumers to only Read more…