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.
Section 86(10) of the National Credit Act 34 of 2005, often referred to in the context of debt review in South Africa, provides that a credit provider may terminate a debt review in the prescribed manner where the consumer is in default with a credit agreement that is being reviewed. Read more…
A Section 129 debt review, also known as a Section 129 notice or a Letter of Demand, is a legal notice issued by a creditor to a debtor in South Africa. It is delivered in accordance with Section 129 of the National Credit Act (NCA) and informs the consumer that they Read more…
Form 17.4 is now formally known as a 17.W, also known as the Debt Review Cancellation Form, is an official document used in the debt review process. Whether cancelled voluntarily or involuntarily, completing a Debt Review Cancellation Form is required by the National Credit Act (NCA). Form 17.4, also known as Read more…
Reckless lending is generally considered to occur when a credit provider fails to conduct a detailed credit assessment as required by the National Credit Act (NCA) and still offers the consumer credit. Here are some conditions that are typically considered as reckless lending: Learn More about Reckless Lending At NDRC, Read more…
In South Africa, under the National Credit Act, only a court or the National Consumer Tribunal (NCT) has the power to declare that a credit agreement is reckless. This declaration can be made on the request of either the debt counsellor or the consumer. If a court finds a credit agreement to be reckless, it can Read more…
To prove that a credit agreement might be reckless, a consumer generally needs to show the following; Learn More about Reckless Lending At NDRC, we have experienced debt counsellors who can help you understand your rights and explore solutions if you’re facing a potentially reckless credit agreement. We offer free, Read more…
The defence of reckless credit is a provision under the National Credit Act 34 of 2005 (as amended) (the Act) in South Africa. This Act promotes responsible credit granting and prohibits reckless credit granting. Reckless credit occurs when a credit provider fails to conduct an assessment or enters into a credit Read more…
Have More Questions about Debt Review Forms? Book with The National Debt Review Center APPLY FOR DEBT COUNSELLING ONLINE BELOW NDRC Facebook Page Know your debt review forms. The National Debt Review Center
Have More Questions about Debt Review Forms? Book with The National Debt Review Center APPLY FOR DEBT COUNSELLING ONLINE BELOW NDRC Facebook Page Know your debt review forms. The National Debt Review Center
We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC), we’re here to help you understand your rights and explore potential solutions. Here are 5 consequences of reckless lending; Learn More Read more…