Single monthly installment to pay all your
Personalised solution in line with your
personal financial position
Assistance during application for Debt
Counseling and after care until you out of
the debt review process
Mediation with all your creditors with
regards to your outstanding credit balance &
Assistance with the identification possible
reckless lending & unlawful provisions in
your credit agreements
Monthly up to date progress reports on all
your credit balances after distribution
What is debt
allows a customer to restructure
payment amounts and terms in order
to help you increase your cash flow.
It helps to pay of your debt in a
responsible structure and affordable
Who can act as a debt
Any person who has completed the
NCRDC training coarse and must be
registered with the NCR.
What is a debt
act a mediator between the consumer
What is debt
Only if your debt does not exceed R
50 000 you can be placed under
Administration monthly cost is 12.5%
of installment - Less money deducted
from the capital amount.
Distribution is once in 3 months to
limit to the amount of the debt to
be placed under debt counseling
Monthly cost of debt counseling is
5% of installment - More money paid
to the capital amount.
Distribution to creditors is monthly
Debt counseling a payment holiday?
is not, but for the first 60 working
days after application you will
enjoy protection under the National
much does it cost?
are fixed and prescribed by the NCR.
- Max of R3000.00 per single
application and max of R4000.00 per
not a loan
be listed on the credit bureau?
you will be logged as being "under
debt review" but will be removed as
soon as you are out of the debt
if I have a judgment against me or
received a summons?
help you with all credit agreements
where judgment has not yet been
effected in terms of the national
process handled Confidential?
take up new credit?
while you are under debt review,
only once you are out of debt review
you may apply for credit again
creditors refuse my new restructured
then we will argue your financial
position and affordability in the
creditors stop harassing me?
once a debt counseling notice is
issued to them, however should they
still be harassing you refer them to
your debt councilor.
quickly can you help me?
it cover all my debts?
long does the process take?
your debt has been paid off or until
such time that you are able to
afford to pay your normal
installments to creditors again
will I not qualify for debt review
if you don't have an income or when
after your monthly living expenses
is accounted for and there are no
money left for distribution to