TO THE WEBSITE OF DebtCounsellorsSA
COUNSELLING IS PRESCRIBED BY THE NATIONAL
CREDIT ACT 34 OF 2005 AND
REGULATED BY THE NATIONAL CREDIT REGULATOR
the application form below, and
return it as soon as possible, so we can
do a FREE EVALUATION
of your debt situation.
OR complete your contact details
above, and we will contact you
as soon as possible.
counselling is FORCED ONTO
CREDITORS by the National Credit Act,
and they cannot refuse your application,
if you make a reasonable offer, to repay
PERSEPTION THAT DEBT COUNSELLING IS EXPENSIVE?
Think again: Statistics show that
DEBT COUNSELLING IS THE CHEAPEST WAY OF
DEBT COLLECTION IN SA!
LET THE FIGURES
in the December 2014 DCASA (Debt Counsellors
Association of SA) Newsletter
Debt Counselling Fees,
as a percentage of repayments, amounts
With Legal Fees, the
cost to Consumers increases to 7.42%
Normal Credit Provider Collection
Costs range from 17%
The Cost of Debt Counselling
is however Reduced by the Negotiated
which is part of theTask Team
In terms of this agreement Credit
Providers agreed to:
o Reduce Fees to zero
o Reduce Interest rates to zero%
on unsecured and
o Repo + 2% on secured debt
A full reduction, according
to these concessions, would Reduce
Payments by 39%.
In cases where interest is reduced (say
from 31% TO 28%) this
fully covers the debt counselling
fees (3% reduction
covers ALL fees!).
Debt does not always keep tabs with bad situations
in your life, such as lost of income, unplanned
illness, death in the family, a new baby,
a vehicle which had to be repaired, or any
other unforeseen expense, which changed your
- BUT remember, debt does not make you a bad
person in any way, just unfortunate.
We have clients under debt counselling,
over the total spectrum of life from rich
to poor - cleaners to doctors, advocates
and people you would never suspect having
Creditors use the law, to retrieve their
money. The National Credit Act states
that after only 20 days in default
of your accounts, and creditors can start
with legal action.
Use the same Credit Act against your creditors,
to repay your debt, according to what you
can AFFORD. Debt counselling
is FORCED ONTO CREDITORS
by the Credit Act, and they cannot refuse
your application, if you make a reasonable
offer, to repay your debt.
very early times, there is reference to
poor and over-indebted
people, which has not changed over the
centuries. Every era and culture had their
own way of dealing with debt just look
at these two examples:
o Debtors and creditors are mentioned
even in the Bible! The difference
however, was that creditors were much
more lenient towards debtors during Biblical
times. In Exodus 22:25 [God says] If
you lend money to any of my people with
you, who is poor, you shall not exact
interest from him; If ever you take your
neighbors garment in pledge, you shall
restore it to him before the sun goes
o The Roman Law provided
that a debtor, who failed to make good
payments to his creditors, could be in
parti secant (his flesh could be cut!),
or sold into slavery.
o Sections 65A to 65M of the South
African Magistrates' Courts Act provided
for the imprisonment of judgment debtors
in certain circumstances, until it was
found in 1995 by the Constitutional Court
to be inconsistent with the right to personal
freedom provided for in section 11(1)
in Chapter 3 of the Interim Constitution.
YOU NOW HAVE THE NATIONAL CREDIT ACT TO
ARE NOT THE ONLY CONSUMER WITH DEBT PROBLEMS.
o According to statistics recently released
by the NCR, the number of consumers
with impaired records in SA keep to rise.
According to the report, consumers with
impaired credit records increased by 119
000 in the last quarter, to 9.5 MILLION
which is a dramatic jump.
o About 15 000 consumers apply new for
debt counselling every month.
BY READING HERE, YOU NOW HAVE
TAKEN THE FIRST STEP TO DEAL WITH YOUR
DEBT AND THIS IS TO
ADMIT YOU HAVE A DEBT PROBLEM, SO NOW
YOU NEED TO ASK US TO HELP YOU
You still stay in charge of your own
finances, except that you pay one, consolidated
payment every month towards your debt
Nobody outside debt counselling
ever needs to know you have applied for
debt counselling everything is very
confidential no salary deductions.
Debt counselling fees are prescribed
by the NCR, and debt counsellors
cannot receive more than these fees.
A debt counsellor is not allowed to
receive your monthly payments, and distribute
it to your creditors.
We are NCR REGISTERED DEBT COUNSELLORS SINCE
2007, when debt counselling first
started in SA.
Our debt counsellors are well trained,
have an excellent reputation, and are consumer
One of our clients recently said: You changed
our lives 120%!
Complete the application form below, and
return it as soon as possible, so we can
FREE EVALUATION of your debt situation.
rulings are heavily skewed in favour of
creditors, where consumers cannot repay
their debt. Millions of summonses, judgements,
sales in executions and salary attachment
orders are issued every year.
Apply for debt counselling today, before
you become one of these statistics.