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What is debt review?

The debt review process was created under the National Credit Act (No 34 of 2005) and is designed to assist you when you struggling to pay your debts by restructuring your monthly financial obligations into one reduced monthly instalment.

How quickly does it work?

We provide you and your assets with immediate protection once we have received your application.  You are registered with the National Credit Regulator and your credit providers are notified that you are protected under the debt review process.

Will I lose my assets whilst under debt review?

No, while you are under debt review and continue to pay your restructured instalment, creditor providers are prohibited from taking further legal action or attaching your assets.

Can I be blacklisted while under debt review?


If you are struggling to pay your financial commitments you are probably already blacklisted from obtaining future credit.  The debt review process enables you to repay your finances according to the amount you can afford. Once you have repaid your credit providers in full, we issue you a clearance certificate. 

Can debt review actually save me money?

Yes, part of the debt restructuring process is to renegotiate your interest rates and fees where possible.  We have excellent relationships with all major credit providers and negotiate with them on your behalf to get the best deal for you.

How am I going to pay for my living expenses?

Your unique payment plan takes into account your actual living expenses and ensures that you are able to afford to pay these every month.

What payments will I have to make under debt review?

You pay a single reduced monthly instalment in accordance with your budget and what you can afford.  This is made via a Payment Distribution Agent (PDA) who ensures your credit providers are paid timeously according to the restructured payment plan.  Only PDA’s registered with the National Credit Regulator are entitled to collect and distribute your funds so please check with your Debt Counsellor.  

What are the costs involved?

The National Credit Regulator (NCR) issues fee guidelines for Debt Counsellors, this includes an application and administration fee of R350 plus VAT, a restructure fee equal to the first months instalment up to a maximum of R8,000 plus VAT ( maximum of R 9000 for joint applictions married in community of property ) and a reckless lending fee of R 1500.00 plus VAT. In addition there is a monthly maintenance fee of 5% of the instalment up to a maximum of R450 plus VAT. These fees ensure you receive professional service from your Debt Counsellor at all times and are deducted from your monthly installments.


There is also a legal fee payable to the attorneys for obtaining a court order to ensure you are protected from your credit providers for the duration of your Debt Review. Your Debt Counsellor will provide details of this with your application. 

How do I know if I qualify for debt review?

The primary requirement to qualify for debt review is that your expenditure exceeds your income.  If you are struggling to make ends meet at the end of each month and are you finding that you are in arrears on your financial commitments, there is a strong likely hood that you are eligible.

 Please contact us for a confidential assessment to determine if you qualify.  Remember it is important to act as soon as possible before your credit providers start legal proceedings against you and repossess your assets.

How long does debt review last?

The period of the Debt Review varies according to how quickly you can pay off all your finances. The time frame varies from a few months up until 60 months. 

How will debt review affect my credit record?


Once you apply for Debt Review we update your status with the NCR who notifies the Credit Bureaus to reflect that you are under debt review.  Once you have completed the Debt Review process by paying off your debts, we issue you a clearance certificate. The Credit Bureaus then clear your credit record.

I am unemployed can apply for debt review?

No, unfortunately debt review requires a regular income to pay your credit providers under the terms of the payment plan.  If you are unemployed and unable to find new employment debt review is not be the best solution for you.

Can I apply for more credit while under debt review?

No, debt review is designed to help consumers who are overindebted and prevents you taking on additional credit until you are able to meet your financial commitments. We are here to assist you in achieving financial freedom, not to compound your problems.



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Top 5 benefits of debt review


Learn about the debt review process


Frequently asked questions


  • I dont know what I would have done without NDC.
    T Dlamini
  • NDC has saved me so much money, now I can finally afford to live each month.
    S Erasmus
  • Debt review was the best thing for our family, thanks NDC.
    The Govenders
  • I was really impressed with the speed and professional service. One phone call and it was all done.
    X Zuma