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Debt Review Offers Legal Protection

Debt Review Matters And Legal Fees Have you ever been in the situation where you make an arrangement with a creditor to pay them back a smaller amount and feel relieved when they agree, only to have a different person … read more

Debtfree Magazine – Editor’s Note

Editor’s Note As people enjoy the last of the long weekends, for a while, and those in the winter rainfall areas give a sigh of relief that finally some rain is falling to keep the drought at bay you may … read more

Read Debtfree Magazine

Read Debtfree Magazine (April 2018) If you are dealing with debt and actively thinking of trying to get out of debt then this month’s issue of Debtfree Magazine is for you. We look at why debt is bad for you … read more

Debtfree Magazine – April 2018 Cover

Debtfree Magazine Cover Our cover this month expresses the joy of being financially free and having gotten rid of your debt. The feeling of relief and being back on your feet financially is amazing. If you are neck deep in debt … read more

Editor’s Note

Editor’s Note March 2018 A positive attitude can really help when times are tough.  A positive attitude can make you focus on the good in your life (or a situation) and minimize the negative. Although the facts don’t change, the … read more

Read Debtfree Magazine

Read Debtfree Magazine Now ________________________________________________________________ ________________________________________________________________ Click above on the magazine to read it full page. All the latest debt counselling and debt review news as well as advice for consumers under debt review all for free. We hope you … read more

Debtfree Magazine March – Cover

The March 2018 Cover Soon you will be able to read the latest issue of Debtfree Magazine. This month we talk about a common mistake that consumers under debt review make (hope the cover doesn’t give it away) and other … read more

Court Case: Phaladi V Lamara

Phaladi V Lamara – Western Cape High Court Withdrawing from Debt Review When a person applies to a Debt Counsellor for help with their debt then the Debt Counsellor notifies the NCR (who in turn notify the credit bureaus). The NCR … read more

News

DCASA W Cape Meet This Week

DCASA Meet Tuesday The Debt Counsellors Association of South Africa hold regional meetings throughout the year and will be holding a meeting in Cape Town this Tuesday. The meeting will be held in Parow (at the Golf Course) and is open … read more

SABC Expose’ About Fake Salary Slips & More

SABC Exposes Criminals Faking Documents When a consumer applies for credit they are asked to provide information about their income and expenses. This helps credit providers stick to the law and only give credit to people who realistically can repay … read more

FNB Announce Debt Counsellor Conference IN JHB

FNB Debt Counsellor Conference In June FNB Debt Review department is arranging a Debt Counsellor conference with local Gauteng Debt COunsellors at the end of June 2018. The conference will be similar to that held in Cape Town earlier this … read more

Debt Review Awards Peer Review Coming To A Close

Debt Review Awards Peer Review – 1 Week To Go Over the past few months, different NCR registered parties have been contributing towards an industry wide Peer Review. The Peer Review allows companies and individuals who work together on opposite sides … read more

NCR Waiting For Quarterly Reports

Debt Counsellors Reports Due Next Week Each quarter the National Credit Regulator asks Debt Counsellors to send them their latest debt review client statistics from their practice. These cover how many consumers are applying for help, how many have been … read more

Who Isn’t Paying Their Debt?

Who Defaults On Their Debt Repayments? Credit Bureaus and the NCR like to track who is and isn’t paying their debts. They regularly report on how much money the 14.2 Million consumers owe and which of the 17.9 million active … read more

High Court Confirms Lewis Club Fees Not Illegal

Lewis Vs NCR Over Club Fees The National Credit Act and regulations set out very clearly what fees can and can’t be charged for credit accounts. In 2016, after a report from Summit Financial Wellbeing and in the wake of several similar … read more

Debt Review Awards Peer Review (ATT: DCs)

Debt Counsellors Review Credit Providers In Final Stage of Peer Review The 2018 Debt Review Awards Peer Review has been on the go for some time with hundreds of Debt Counsellors invited to participate. Each year, members of the industry … read more

Living on Less

Internet Access = Free Games

No Need To Spend Money To Play Games If you have internet access and data then you can take advantage of many free games such as DOTA, League of Legends and more. There are many places that you can get … read more

Paying Your Debt While Under Debt Review

Making Monthly Payments According to the National Credit Act, consumers can choose one of two ways to repay their debts while in debt review.  An organized consumer, who doesn’t mind the risk and effort it takes, can pay each credit … read more

Debt Stress Destroys Lives

Don’t Let Debt Stress Continue Destroying Your Life Scientists tell us that stress leads to all sorts of health issues and is incredibly bad for you. If you owe people a lot of money that you are struggling to repay … read more

How Happy Are You?

World Happiness Report Shows South Africans Are Not Happy The UNO release an annual happiness report on immigration and population happiness in which they rank countries per happiness levels. Now happiness is not a straight forward thing to measure but … read more

A Debt Counsellor’s Responsibilities (Part 1)

What Exactly Does A Debt Counsellor Have To Do? In the past few years, the National Credit Regulator (NCR) has on a number of occasions taken individuals who work at Debt Counselling firms to the National Consumer Tribunal (NCT) over … read more

NCR Registered PDAs

NCR Registered Payment Distribution Agencies The National Credit Regulator registers and monitors industry role players such as credit providers, Debt Counsellors, Credit Bureaus, Alternative Dispute Resolution Agents and Payment Distribution Agents (PDAs). Payment Distribution Agents receive money from consumers (normally … read more

Don’t Be Quick To Blame Your Debt Counsellor

The Blame Game Many consumers who are under debt review are frustrated when they are contacted by a collections agent or receive a statement from a credit provider that differs from what they expect to see. Their court order restructuring … read more

Lack Of Balance Can Ruin Your Debt Review

Lack Of Balance Will Cost You All work and no play makes Jack a dull boy. Conversely, all play and no work is also a bad thing. True, when you owe people a lot of money and have to go … read more

Why New Years Resolutions Fail

Why Do New Year’s Resolutions Fail? Reportedly only around 12% of people actually follow through on their New Year’s Resolutions. Most fail miserably and do so within only a few days. Did You Know: Losing Weight is the Most Common … read more