Debtfree

COMPETITION: Win an Online Course

Win an Online Course Valued at R850 How well do you know the National Credit Act? If you work in the industry then you should have a very good understanding of the Act as a whole and in particular, the … read more

Read Debtfree Magazine

Read Debtfree Now This month we look at what happens when someone says they want to take your car. We also look into why the NCR is removing the incentive to investigate if credit providers are giving out credit recklessly … read more

Debtfree Magazine : Editor’s Note

Debtfree Magazine Sept 2018 Editor’s Note Dealing with debt stress can leave you wishing you could just get away and escape your problems for a day or two. That’s why long weekends and public holidays can be a real relief. … read more

Debtfree Magazine- September Cover

Debtfree Magazine – September 2018 Cover Here is a first look at our September 2018 issue cover. As you can see we are once again taking a look at the topic of car repossession. We have some tips and things … read more

Debtfree Magazine – Editor’s Note

Editor’s Note August 2018 Why won’t this winter ever end? It is almost meant to be spring already. Seriously! It just feels like things are dragging their heels. At the same time, the year is almost ¾ done. Can you … read more

Debtfree Magazine August -The Cover

Debtfree Magazine – Cover The August issue of Debtfree Magazine looks into the hot topic of Reckless Lending. This provision of the National Credit Act can see debt written off if credit is granted to consumers in the wrong way. … read more

Debt Review Awards Open Registrations for 2019

Debt Review Awards 2019 – Registration  Now Open The annual Debt Review Awards process for 2019 is now set to begin and as usual, NCR registered parties will all be considered. To be eligible to win however participants need to register. The … read more

Reducing Interest Rates While In Debt Review

Reducing % While in Debt Review When a consumer enters debt review their Debt Counsellor will contact all their credit providers and get all their latest figures on their various accounts together. Armed with this information, they can look at … read more

Read Debtfree Magazine

Read Debtfree Magazine Now The latest issue of Debtfree Magazine is out and discusses in some detail how consumers who enter debt review and do not take full advantage of the process often fail to complete the program (which can … read more

News

VBS Bank Probe Reveals Widespread Corruption

Reserve Bank Report Shows VBS To Be Corrupt & Rotten VBS Mutual Bank got into trouble for illegally taking deposits from Municipalities and soon ran into cash flow problems as consumers grew worried and tried to withdraw their savings. The … read more

NCR FEE GUIDELINE for Debt Counselling (For Comment)

NCR Call For Comment On Abandoning Reckless Credit Investigation Fee When the NCR recently changed their suggested Fee Guideline to include a fee to cover the work involved in Reckless Lending Investigations to try to motivate Debt Counsellors to actively … read more

NCR Consumer Credit Market Report

NCR Release Consumer Credit Market Report (Midyear 2018) The National Credit Regulator (NCR) register and monitor the credit industry. This means they keep an eye on companies and individuals who are offering credit or helping distribute money for consumers under … read more

NCR Credit Bureau Monitor (latest)

NCR Release Credit Bureau Monitor (Midyear 2018) The NCR keep track of many statistics including what has been registered by credit bureaus. They have recently released the latest stats of credit bureau records and activity. Recently, more consumers have been … read more

RCS & Izwe Loans

RCS Take On Izwe Loans RCS are now underwriting Izwe Personal Loans. This has a bearing on Debt Counsellors who are helping consumers with Izwe Accounts. Because RCS make use of outsourced Debt Review services from Award-winning Consumer Friend, Debt Counsellors … read more

African Bank Debit Order Cancellation Tip

How to Speedily Cancel Debit Orders With African Bank When consumers enter debt review they often have existing debit orders to cover debt repayments. Because the consumers debts will now all be paid via a Payment Distribution Agency (in 99% … read more

Consumer Friend Stance on Excluded Accounts

Consumer Friend’s Stance on Excluded Accounts When a consumer enters debt review all the accounts where legal action is not already underway can be included in the debt review court application and process. All other accounts where legal action is … read more

NCR Receive Clean Audit

Auditor General Gives NCR Clean Audit The NCR has received a clean audit for the 2017/2018 financial year. This is an indication that the Auditor General found no irregularities or issues when the NCR was considered. The NCR, along with … read more

Rand Jumps in Value After Economic Stimulus Presidential Promise

Economic Stimulus Plans Bolster Weakened Rand SA President Cyril Ramaphosa has announced that an extra R50 Billion will be syphoned from underperforming departments and pushed into stimulating the wavering SA economy. The announcement saw the Rand shoot up to a … read more

Living on Less

Discovery Open Vitality Benefits to All

Get Vitality Benefits As A Non Vitality Member Discovery are busy with a big drive to try get people to try out their app and Vitality loyalty program. They have opened access to the app to the general public.   … read more

Debt Review School: Your Debt Counsellor’s Contact Info

Debt Review School It is not uncommon for consumers to lose touch with their Debt Counsellor. You may wonder: How can such a thing happen? Your Debt Counsellor is the person you are now relying on to help with your entire … read more

When Your Contact Details Change

When You Change Your Contact Info It can be exciting to start a new job. Sure, it brings its own stress but also opportunities for advancement and better perks (like more pay so that you can get rid of your debt … read more

Cartoon: Student Debt

Student Debt Cartoon   This cartoon by Randy Glasbergen rings all too true about the state of student debt. In SA, at present, there are two sources of student loans that are commonly used: (1) Government-backed National Student Financial Aid … read more

Check Your Statement

Review Your PDA Statements If you are in debt review and making payments via a Payment Distribution Agency (PDA) then you will be getting monthly statements from the PDA. This may differ somewhat from the figures your various credit providers … read more

How Broke Are You?

Funny or Sad? Times are tough when you are forced to live on less. How tough you ask? This tough: When You're Too Broke To Afford Good Food We've all been there… 😂😂 Posted by UNILAD on Wednesday, 18 July … read more

Student Debt [Photo]

Student Debt We all know that a good education is beneficial in many ways. Sadly it is not always helpful in getting a person a high paying job in South Africa. Former students with a higher education qualification are one … read more

Budgeting

Staying in Debt Review Despite the Increasing Cost of Living

Staying in Debt Review Despite the Increasing Cost of Living Debt review is a fantastic process which can help you repay your debts in a more realistic and achievable manner every month. The process can and will save consumers thousands … read more

Banking Cartoon

Did you know: Banks are allowed to lend out funds as long as they have a little of what they lend out. This is called fractional reserve. This is one of the reasons they like to have you deposit money … read more