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    The Process

    How do debt counsellors negotiate with creditors?

    Debt counsellors negotiate on your behalf using established relationships with credit providers and legal frameworks under the NCA.

    Negotiations include:

    • Requesting reduced interest rates

    • Extending repayment terms

    • Consolidating multiple payments into one

    • Potentially reducing some fees

    We have excellent relationships with all major credit providers and negotiate with them on your behalf to get the best deal for you.

    Read the official rule

    This question is governed by the following clauses from the NCR Task Team Agreements (Guideline 001/2015):

    A 2.3.6What the debt re-arrangement proposal must confirmD IntroConsensual Debt Restructuring RulesD 4Finance charge reduction concessions

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

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