www.ncrdebtcounsellor.co.za Debt Counselling | Debt Review | Debt Help

NCR Debt Counsellor - Your debt counselling partner

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On 1 June 2007 the National Credit Act (NCA) came into effect. The NCA empowered over-indebted consumers by allowing them to apply for Debt Counselling.

Debt Counselling was introduced to provide a definite process for helping a customer with over indebtedness. The process provides a consistent system of debt restructuring, enforcement and judgement, which places priority on the eventual satisfaction of all responsibilities for the consumer's obligations under the credit agreements.

The process of Debt Counselling was developed to offer an option for consumers who cannot meet their monthly obligations under current credit agreements. Their available amount for debt repayments is calculated after all basic living expenses have been budgeted for. Basic living expenses get priority before making provision for credit repayments. Debt counselling provides you with more breathing space without getting into trouble with your creditors for paying less than the original instalments.

Debt Counselling can be summarised as a procedure where a person, who can no longer afford to meet all his monthly debt obligations, can apply with a debt counsellor to negotiate on his behalf with his creditors for reduced monthly repayments.

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Debt Counselling Process explained

Debt Counselling Fees

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