The National Credit Act (NCA) came into effect in June 2007 and with it came the process of Debt Review or Debt Counselling.
The consumer applies for debt review at the debt counsellor or consultant. The consumer must know the debt review process and the fees that go with Debt Councelling. Debt counselling will have an [...]
Posts on ‘June 9th, 2009’
What is the Debt Review Process?
What is Debt Review?
On 1 June 2007 the National Credit Act (NCA) came into effect and with it came the process of Debt Review or Debt Counselling.
Debt Counselling was introduced to provide a mechanism for solving the customer’s problem of being over indebt. Debt Review provides a conformable system of debt restructuring, enforcement and judgement, which places priority [...]