Debtfree

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

Dealing with Family Debt Stress

 Family Debt Stress Researcher Jeffrey Dew conducted a study and found that couples who are in debt, spend less time together and fight more. This makes them more stressed and less happy. These couples even argued for longer than other … read more

Editor’s Note

Editor’s Note Change, Change, Change – the only Constant Do you enjoy change? Most people don’t. It is one reason why when their income drops, most people keep on spending more than they actually can afford as if nothing changed. … read more

Read Debtfree Magazine (Feb)

Read the Latest Issue of Debtfree Magazine The lastest issue of Debtfree Magazine is out and you can read it right now (Below). We have news about the 2018 Budget Speech and how that affects you, about recent industry events … read more

Debtfree February Cover

Debtfree February 2018- The Cover With so much on the go, we decided to delay the release of the magazine by a day or two so that we could add all the latest. The magazine is heading on its way … read more

Want Free Copies Of Debtfree In Print?

Special Print Edition of Debtfree Magazine Coming Debtfree magazine is an online free monthly industry magazine focused on debt counselling and debt review. It is provided online free of charge to help educate consumers and share industry news. Every now … read more

News

Webinar On Reckless Credit

Reckless Lending Webinar Recently the National Credit Regulator (NCR) issued a new fee guideline on what they think Debt Counsellors should feel free to charge consumers who approach them for debt counselling help (at present there are no regulations about … read more

Petrol Pump

Understanding The Petrol Price

Petrol Price Breakdown When you go fill up at your local petrol station you may think that you are simply paying for petrol. You are but more is involved. Recently the petrol price once again spiked upwards hurting consumers and … read more

Debt Review Awards – Latest

Debt Review Awards Each year the Debt Review industry engage in an industry-wide peer review of those they work with regularly. The results are audited and compiled and announced on the evening of the Debt Review Awards Gala.  This year … read more

Have You Registered For The Debt Review Awards?

Debt Review Awards 2018 – Register To Win Each year Debt Counsellors, Credit Providers and Payment Distribution Agents participate in an industry-wide Peer Review. This allows members of the industry (who are registered with the NCR to rate their colleagues on … read more

African Bank Appoint New CEO

African Bank’s New CEO For a while now Ms Basani Maluleke has been sitting poised to take control at African Bank. As CEO ‘designate’ at the “good” African Bank, she has been part of the “turnaround” since back in 2015 … read more

Edcon Fight Not To Repay Club Fees Continues

Edcon v NCR Club Fees Ruling Pending Soon The NCR took Edcon to the National Consumer Tribunal in 2017 over club fees which the Regulator said the credit provider was not allowed to charge. The National Credit Act and Regulations … read more

Debt Review Awards Gala – Date

Debt Review Awards Gala The Debt Review Awards is an industry wide peer review process with the results of the peer review announced at a small Black Tie Gala evening. This year the Gala evening will be held on the … read more

FNB Debt Review Teambuilding (28/03/18)

FNB Debt Review Department Unavailable on 28th March Team building is a great way to improve morale and productivity among staff members. This is what FRB Debt Review Centre has in mind for Wednesday 28th of March 2018. The team will … read more

Moody’s Ratings Reprieve

Moodys Hold Off Further Downgrade International rating agency Moody’s has decided to adjust their rating of SA from a negative outlook to a stable one. The decision follows what they have identified as many recent positive steps in politics and … read more

Living on Less

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

How Much Water Are You Using?

Calculate Your Water Usage Ever wondered how much water you are using every day? The City of Cape Town are trying to make it easy for Capetownians (and others) to see if you are below or above the set target … read more

Success Stories: Peter Mabula

Retrenchment And Debt Collectors We all know the economy is in trouble and that many businesses are struggling to make ends meet. But it is a kind of intellectual knowledge and it is only when your company is going through … read more

Success Stories: Michelle Kaba

Finding Help During a Dark Time Michelle Kaba lived a perfect life – or so it seemed. She was happily married and all was going well. Her loving husband, John, worked hard and provided for her and their son.   One … read more