This category is your comprehensive guide to understanding Debt Review in South Africa. We’ll delve into the ins and outs of the process, from eligibility criteria and potential benefits to choosing a qualified counsellor and navigating the journey towards financial freedom. Learn how Debt Review can help you manage your debt, reduce your monthly payments, and achieve a sustainable debt repayment plan. We’ll equip you with the knowledge and resources to make informed decisions about your financial well-being and pave the way for a brighter financial future.
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…
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. If a debt counsellor successfully proves reckless lending in Read more…
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. If you believe a credit agreement might be reckless, Read more…
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. If a court finds a credit agreement to be Read more…
Purpose: This notice serves to inform a credit provider that the debt counsellor intends to investigate possible reckless credit and therefore request the creditor to provide the following documentation This recommendation will be made to court in terms of Sec 86(7)(c)(ii) as soon as documents from all parties involved in Read more…