The Benefits of Debt Counselling in South Africa

debt counselling south africa

Could you imagine that over 10 million South Africans are grappling with overwhelming debt, constituting 40% of the present credit-active population? Regrettably, this is the harsh reality. The weight of debt is undeniably one of the most incapacitating and anxiety-inducing situations an individual can face. This is why debt counselling in South Africa is vital. Thankfully, […]

What is Debt Review? 

what is debt review

Debt review is a formal debt restructuring process for South Africans struggling to make ends meet at the end of each month. It was created under the National Credit Act 34 of 2005 (‘NCA’) and was the government’s answer to the rising problem of consumer debt and the chronic over-indebtedness that plagues many South Africans.   […]

The Benefits of Debt Review

Debt review is a legal process available to South African consumers. The process was created by the National Credit Act 34 of 2005 for those who are struggling to pay off their debts. Counselling provides a debt relief option as part of the process. This aims to help individuals who are over-indebted. It provides consumers […]

What is Debt Review?

what is debt review

We are often asked – what is debt review? Here we hope to answer this question effectively. Debt review, also known as debt counselling, is a South African debt management process regulated by the National Credit Act (NCA). It is specifically designed to help individuals who are over-indebted and struggling to manage their debt repayments. […]