June 2014

It seems that over 2000 consumers feel they have been harassed by the banks while under debt review. The number is undoubtedly higher however this petition did not receive support from the Debt Counsellors Association of South Africa ( DCASA) nor from the Alliance of Professional Debt Counsellors (AllProDC) So the number (though high- representing

Debt Vader Talks Virtual Arrears As the Debt Counselling industry evolves, it becomes more and more evident that credit providers treat Debt Re-arrangement Court Orders as inconsequential, even going so far as to ignore the court orders by refusing to update their internal computer systems to reflect the restructured debt as per the Debt Re-arrangement

Well, if you are under debt review a diet (if that’s what you call just eating less) is a great way to cut down on the crazy raising food costs and exercise is a great form of entertainment that can be achieved for minimal costs. Prices are shooting up left, right and center; with fuel

Know and Understand Your Rights, Urges the NCR As part of Consumer Rights Month, the National Credit Regulator (NCR) has urged consumers to be aware of their rights when it comes to credit agreements. “It is your money and therefore, it is your right as a consumer to have full knowledge of all credit agreements

Debt Review – How it works – Part 3 The Payment Distribution Agencies (PDA’s) The payment distribution agencies are companies that distribute consumers funds for them. You won’t find them mentioned in the NCA at all but the National Credit Regulator thought it would be a good idea. They have encouraged Debt Counsellors to use

Do you have a contract with your PDA? If you are a debt Counsellor or a consumer who is under debt review you might be making use of a Payment Distribution Agent (PDA). It is widely known that while PDA’s are not mentioned in the National Credit Act the National Credit Regulator (NCR) want Debt

The costs of ignoring Section 129 letters add up The National Debt Mediation Association (NDMA) says it is concerned that consumers are not aware of the costs of legal action should they delay seeking assistance when they start experiencing difficulties with meeting their monthly debt obligations. When a Creditor is about to take legal action