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    1. Home
    2. Debt Counselling
    3. Official Guide
    4. Annexure A
    5. 2.4.3 Credit Providers
    Annexure A
    • 1Debt Review Process
    • 2Improved debt review process rules
    • 2.1Form 17
    • 2.2Credit Provider Information Stage
    • 2.2.1Within 5 business days of receiving Form
    • 2.3Affordability Assessment
    • 2.3.1DC should conduct an assessment in accordance
    • 2.3.2If no COB
    • 2.3.3If a COB
    • 2.3.4If the consumer
    • 2.3.5If the consumer
    • 2.3.6The debt re-arrangement proposal
    • 2.3.7DC should follow up on all unpaid
    • 2.3.8DC should
    • 2.3.9The premiums for such insurance as well as other insurance
    • 2.3.10On receipt of all the Credit Provider responses within
    • 2.3.11Within 10 business days of receiving the Form
    • 2.4Termination of Debt Review
    • 2.4.1Credit Providers
    • 2.4.2Credit Providers
    • 2.4.3Credit Providers
    • 2.5Legal Contestation
    • 2.5.1Upon receipt of the Credit Providers replies to the debt
    • 2.5.2If consent
    • 2.5.3If consent
    • 2.5.4DC should notify all the Credit Providers
    • 2.5.5DC should limit the number of matters
    • 2.5.6The Credit Provider
    • 3Conduct provisions
    • 3.1The task team
    • 3.1.1With the parties, identified a number of areas in which
    • 3.2With a view to improving
    • 3.2.1Upon the effectiveness and credibility of the debt counseling
    • 3.3Suggested conduct of debt counselors
    • 3.3.1Debt Counsellors
    • 3.3.2Debt Counsellors
    • 3.3.3Debt Counsellors
    • 3.3.4Debt Counsellors
    • 3.3.5Debt Counsellors
    • 3.3.6Debt Counsellors
    • 3.4Suggested conduct by Credit Providers
    • 3.4.1Credit Providers
    • 3.4.2Credit Providers
    • 3.4.3Credit Providers
    • 3.4.4Credit Providers
    • 3.4.5Credit Providers
    • 3.4.6Credit Providers
    • 3.4.8Credit Providers
    • 3.5Suggested conduct by payment distribution
    • 3.5.1PDAs should make sure that they verify
    • 3.5.2PDAs should make sure that they capture all
    • 3.5.3PDAs should make sure that all the parties
    • 3.5.4PDAs should submit monthly statements to consumers
    • 3.5.5PDAs should make sure that payments are made
    • 4Compliance, Reporting and Enforcement
    Annexure A
    2.4.3
    Annexure A
    p. 19

    Credit Providers

      Credit Providers should terminate debt reviews and institute collection action where:

    • (a) The consumer is in default and no 17.2 notice and debt re-arrangement proposal is received from the DC within 60 business days after the date on which the consumer applied for the debt review; or
    • (b) The consumer is in default, no repayments that are in line with the debt re-arrangement proposal submitted to Credit Providers and meet the minimum requirements of the Debt Restructuring Guidelines are received and reasonable steps have been taken to verify from the relevant PDA and Debt Counsellor that no or insufficient payments have been made by the consumer; and/or;
    • (c) The consumer is in default of the credit agreement in a respect other than payment default, such as a default on maintaining the payment of credit-linked insurance premiums.

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    Where the consumer is genuinely in default of the rearrangement, the credit provider may terminate and resume collection. The trigger is sustained non-payment, not a single missed instalment.

    Legal context

    Statutory basis: NCA s 86(10). Case law has clarified that 'reasonable steps to verify' is a substantive requirement, not a tick-box.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure A — Debt Review Process & Conduct Provisions, clause 2.4.3: Credit Providers. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 19.

    Related clauses

    2
    Annexure A
    Improved debt review process rules
    2.1
    Annexure A
    Form 17
    2.2
    Annexure A
    Credit Provider Information Stage
    2.2.1
    Annexure A
    Within 5 business days of receiving Form
    Previous
    2.4.2 Credit Providers
    Next
    2.5 Legal Contestation
    Learn more about Debt Counselling

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    Based on NCR Guideline 001/2015, p. 19. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.
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    Principal Debt Counsellor

    Sibabalwe Samora Dakana

    NCR: NCRDC3106DCASA Member: 0877
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    The National Debt Review Center (NDRC) is a registered debt counselling practice with the National Credit Regulator (NCR Registration: NCRDC3106). Our services are conducted in strict accordance with the National Credit Act 34 of 2005 and NCR Circular 09 of 2025 regarding DHS status updates.

    Important: Debt review is a regulated legal process. While under debt review, you will be unable to obtain further credit until a Clearance Certificate (Form 19) is issued or a court order declares you no longer over-indebted.

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