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    Legal Protection

    How do you protect my assets (home/vehicle)?

    Asset protection is one of the core purposes of debt counselling.

    • Once you are under debt review, any legal action prior to summons is stopped in terms of Section 86 of the National Credit Act

    • Section 129 notices are addressed through the process

    • We negotiate reduced instalments that keep assets affordable

    While you continue to pay your restructured instalment, credit providers are prohibited from taking further legal action or attaching your assets.

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

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