Your Bank’s Statment Is Probably Wrong Consumers who enter debt review receive a monthly statement from their Payment Distribution Agency (PDA). This statement outlines how their one monthly debt repayment has been split up among their credit providers. The PDA will make … read more
DebiCheck (Full Effect) Pushed Back By a Year The authenticated payments project which has come to be called DebiCheck (it sounds cooler) plans to make it harder for crooks to load debit orders and harder for consumers to query debit … read more
Maria Ramos Retires from ABSA ABSA Chief Executive Officer Maria Ramos has announced her retirement at the end of February. She has headed up ABSA for a decade and will turn 60 in February. Ms Ramos had earlier indicated that … read more
National Debt Awareness Week Were you aware that this week is National Debt Awareness Week? Award-winning debt counselling firm DebtBusters are heading up an effort to get people in SA talking about and being proactive about their debts. They are … read more
Public Shaming of Debtors The Chinese government has developed an app that links to WeChat – a communication app similar to WhatsApp, which reveals people’s debtor status. The app reveals when someone nearby is a debtor and shares information about who … read more
NCR Try To Promote Responsible Borrowing The National Credit Regulator (NCR) has been busy communicating with the media asking them to spread the word to consumers that if they are going to borrow money this month (Jan is a tough … read more
The Figures From the 2018 Treasury Breifing About Debt Last year, the National Treasury & research firm Eighty20 received a briefing and gave comments about the overall debt situation in South Africa (and proposals on dealing with them). They were … read more
NCR Form 41 & 4th Quarter Report Due Each year Debt Counsellors submit quarterly reports (every 3 months) called Form 42s to the NCR and also submit an annual Compliance Return. The compliance return (Form 41) ask the Debt Counsellor … read more
DCASA W Cape Regional Meeting Date Announced The Debt Counsellors Association of South Africa will be holding a regional meeting at the Parow Golf Course in Cape Town on the 19th of February. The meeting will feature an update on CIF … read more
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