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BDCF says good riddance to codes of conduct

The Black Debt Counsellors Forum (BDCF) says it applauds the bold action taken by the National Credit Regulator (NCR) in addressing and taking steps to correct irregularities within the industry that have threatened the debt counselling process.

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“In light of these recent developments in the debt counselling industry, the BDCF offers its unsolicited support to the National Credit Regulator (NCR). We shall endeavor to make a significant contribution to the positive redevelopment of the debt counselling industry so as to ensure sustainable practices for consumers and counsellors alike,” Octavia Hlatshwayo, the secretary of the BDCF says.

Hlathswayo says the BDCF firmly believes that debt counselling works and this is borne out by the number of consumers that have been helped through the process of debt counselling.

Hlatshwayo says recent public statements by the credit ombudsman, the National Debt Mediators Association (NDMA) and the Debt Counsellors Association of South Africa (DCASA) stating that debt counselling is not working are “irresponsible and unwarranted”.