Who is the best debt review company in South Africa?

Who is the best debt review company in South Africa?

The National Debt Review Center
The National Debt Review Center is simply the best debt review company in South Africa.

How can I get out of debt Counselling in South Africa?

Unless all the accounts are paid up or the consumer becomes entitled to a clearance certificate, the only way to terminate the debt review process, according to the NCR’s Withdrawal from Debt Review Guidelines, is to apply to a court for either the rescission of the debt review order if one was obtained or for a …

How does debt Counselling work in South Africa?

Debt Counselling is a formal legal process that provides for a consumer to be declared over indebted and for the Debt Counsellor to negotiate a restructured payment plan and obtain a court order confirming the new repayment plan. The NDMA uses the services of a registered debt counsellor.

How do I report a debt Counsellor in South Africa?

Please fill out a complaint form 29 on the NCR website (www.ncr.org.za/forms) and complain about the debt counsellor. You may also phone the National Credit Regulator (NCR) on 0860 627 627 and someone will assist you. Secondly, you might have to take the legal route.

How do I remove myself from debt review?


  1. You can withdraw from debt review process before Form 17.2 is issued.
  2. Once a Form 17.2 is issued, the only way to remove the flag is to apply to court to be declared not over-indebted regardless of whether or not the court process was executed.

What happens if you have debt and leave South Africa?

If you move overseas and you decide to ignore your outstanding debt in South Africa, your creditor will take this as you defaulting on it and you will receive penalties for doing this. This could include debt collector fees, which can be hefty. You will also be charged interest on the entire lumpsum that’s outstanding.

Is debt counseling good?

If you are over-indebted, a debt counsellor can negotiate with your credit providers on your behalf to get lower interest rates and reduced monthly instalments. This makes your debt more manageable and teaches you accountability as your agreement with your debt counsellor can fall away if you miss a payment.

Is debt Counselling a good idea?

The answer is undoubtedly that debt review is a very good thing for over-indebted consumers. Your debt counsellor will ensure that you can afford your repayments again, by negotiating with your creditors to have your instalments and interest rates reduced.

How do I complain about a debt collector in South Africa?

Lodge a complaint

  • Lodging an ordinary complaints about credit providers and bureau send to [email protected].
  • Fax : 087 234 7822.
  • Debt counselling related complaints send to [email protected].
  • Fax : 087 234 7789.

How do I lodge a complaint against a debt collector in South Africa?

All debt counselling disputes and non-member disputes are referred directly to the NCR on [email protected] or call 0860 627 627/011 554 2600. All banking disputes are referred directly to the Ombudsman for Banking Services on [email protected] or call 0860 800 900.

Who are debt counsellors Association of South Africa?

About DCASA. DCASA is a voluntary association and a professional body representing registered Debt Counsellors in South Africa. It was established in 2007, with the commencement of the National Credit Act. DCASA has contributed significantly to the industry by engaging with industry stakeholders to improve Debt Review.

Which is the best debt counselling company in Cape Town?

Debt Center is one of the nominated top 5 Small debt counselling companies by our Piers, our creditors and Payment Distribution Agents as well as the NCRdebthelp stats. We strive to help consumers reduce month …show more

Do you want to be a debt counsellor?

Become a mentor to recently registered Debt Counsellors can be a great reward. Once again expanding your network and assisting the Debt Review process. We also ask our Members on a regular basis for feedback, ideas and opinions on specific issues. As your voice, should always be heard. Become a DCASA Member today!

Why is DCASA important to the debt counselling industry?

It is DCASA’s aim to develop a streamlined Debt Counselling industry by setting process guidelines and training Members, in addition DCASA aims to provide Members with various products and services that will allow them to effectively and professionally deliver Debt Review service for over-indebtedness Consumers.

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