NCR Registered Debt Counsellors
By The National Debt Review Center
The National Credit Regulator Register of Registrants lists accredited, registered and qualified debt counsellors to provide guidance and assistance for individuals in a state of financial hardship. In this article, we will share the best tips and advice that will help you when you are looking for a debt counsellor.
The National Credit Regulator (NCR) is the statutory body responsible for regulating the South African credit industry. The NCR was established in terms of the National Credit Act, 2005 (Act No. 34 of 2005), and is mandated to protect consumers, promote a sustainable credit market and oversee credit providers.
As part of its mandate, the NCR registers debt counsellors, enforces compliance with the National Credit Act and runs an education and awareness programme for consumers.
The NCR also has a complaints resolution process for consumer disputes. If you have a complaint about a debt counsellor or credit provider, you can lodge a complaint with the NCR.
A debt counsellor is an independent professional who helps you work out a solution to your debt problems.
They will assess your financial situation and work with you to develop a plan to repay your debts. This may involve negotiating with your creditors to reduce your payments or interest rates or arranging for a debt consolidation loan.
A debt counsellor will also provide you with advice and support to help you manage your finances and avoid getting into debt again in the future.
The National Debt Review Center (NDRC) is an organization that is dedicated to helping South Africans with their credit. If you are struggling with your finances, or if you are simply looking for ways to improve your credit score, the NDRC can help you.
One of the ways that the NDRC can help you is by providing you with a free credit report. This report will give you an overview of your financial situation, and it will also show you any negative items that may be affecting your credit score. The NDRC can also help you to understand your credit report, and they can provide you with advice on how to improve your credit score.
In addition to providing, you with a free credit report, the NDRC can also help you to find a registered debt counsellor. A registered debt counsellor can provide you with advice and guidance on how to manage your debt, and they can also negotiate with your creditors on your behalf. If you are struggling to make ends meet, or if you are finding it difficult to keep up with your monthly repayments, a registered debt counsellor can help you to get back on track.
If you are struggling with your finances, or if you want to improve your credit score, the NDRC can help you. By providing you with a free credit report and free assessment, the NDRC can assist you in managing your money and improving your financial situation.
If you are struggling with debt, the National Debt Review Center (NDRC) can provide you with advice and information about debt negotiation & restructuring. Debt negotiation/restructuring is a process whereby you and your creditors agree on a reduced amount of debt that you will pay back over a certain period of time. This can be an effective way to reduce your monthly payments and get out of debt more quickly.
To contact the NCR for advice and information about debt negotiation, you can call their toll-free helpline on 041 012 5036. You can also visit their website at www.ndrc.org.za
Before you make the final decision to sign up for debt counselling, use this free calculator to see what your new total monthly repayment amount would be.
If you’re struggling with debt, it’s important to know that there are options available to help you get back on track. One of those options is to work with a registered debt counsellor. NCR-registered debt counsellors are professionally accredited and regulated, which means they have the training and experience necessary to help you understand your options and make the best decisions for your financial future. If you’re ready to take control of your finances, reach out to an NCR-registered debt counsellor today.
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