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