This category is your one-stop resource for understanding debt counselling in South Africa. We delve into the benefits of seeking help, eligibility criteria, the process of finding a qualified counsellor, and what to expect throughout your debt counselling journey. Equip yourself with the knowledge and tools to regain control of your finances and achieve debt freedom.
The National Debt Review Center has published an article titled “Top 50 Frequently Asked Questions about a Debt Counsellor – Answered”. This article provides answers to the most common questions about debt counsellors. It is designed to help individuals who are considering the services of a debt counsellor or those Read more…
In South Africa, the following individuals qualify for debt counselling. Debt counselling services are offered by debt counsellors registered with the National Credit Regulator (NCR). Prior to registration, debt counsellors have to successfully complete a debt counselling training course, satisfy prescribed education, experience or competency requirements, and display an ability to Read more…
The cost of a Debt Counsellor can vary depending on the specific situation, your new reduced installment and the total debt owed. However, the National Credit Regulator (NCR) in South Africa has established guidelines outlining the fees that debt counsellors can charge. Application Fee This is a flat fee to cover Read more…
A Debt Consultant in South Africa, also known as a Debt Counsellor, helps people who are struggling with heavy debt get back on their feet financially. They are basically financial advisors specializing in debt management. Here are some of the key responsibilities of a Debt Consultant in South Africa It’s Read more…
A Debt Counsellor, also known as a credit counsellor, is a professional who plays a crucial role in assisting individuals in managing their debts and improving their financial situation. They provide a range of services that are designed to help individuals regain control over their finances and work towards a Read more…
Q. What are the after effects of debt review? A. Debt review in South Africa has both positive and negative after effects. Here’s a breakdown of what to expect. By The National Debt Review Center Positive After Effects of Debt Review Negative After Effects of Debt Review Overall: Debt review Read more…
Life after debt review in South Africa can be a breath of fresh air financially. Here’s what you can expect. What is life after debt review? by The National Debt Review Center The most immediate feeling after completing the debt review process is Financial Freedom. After debt review, your credit Read more…
The NCR DHS Status Codes provide information on the different stages of a consumer’s debt review process in South Africa. Important Note: Be aware that some codes, like A1, B, G, G1, I and J, are no longer directly updated in the system since April 12, 2022. If you encounter Read more…
There are several significant benefits of staying under debt review. Got More Questions? We have gathered the most frequently asked questions about exiting debt review here. Book your Free Consultation with The National Debt Review Center USE THE BELOW DEBT REVIEW FORM TO APPLY FOR DEBT REVIEW ONLINE NDRC Facebook Read more…
No, being under debt review is not a criminal record. It’s important to understand that debt review is a legal process designed to assist individuals who are struggling with significant debt. Its primary aim is to help individuals manage their debts more effectively and avoid the severe consequences of insolvency. Read more…