2024-04-25 14:05
In South Africa, the following individuals qualify for debt counselling.
Consumers who are struggling to meet their monthly debt obligations qualify to apply for debt counselling. Ov… Read More
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The National Debt Review Center Blog
ndrc.org.za
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south africa
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Specialists in;
Debt Counselling.
Debt Review Removal.
Debt Review Clearance Certificates.
We pledge to deliver the utmost in client service and act with the highest standards of integrity. Our Professionals are dedicated to helping you and we ensure that we will guide you through the process and help you become debt free.
With over 20 years experience. Contact us on 0410125036 for a free consultation.
2024-04-25 12:48
The cost of a Debt Counsellor can vary depending on the specific situation, your new reduced installment and the total debt owed. However, the National Credit Regulator (NCR) in South A… Read More
2024-04-25 11:58
A Debt Consultant in South Africa, also known as a Debt Counsellor, helps people who are struggling with heavy debt get back on their feet financially. They are basically financial advisors… Read More
2024-04-21 12:30
A Debt Counsellor, also known as a credit counsellor, is a professional who plays a crucial role in assisting individuals in managing their debts and improving their financial situation. The… Read More
2024-04-21 11:47
Does it affect their credit report?
When a debt review is removed, the implications for an individual who co-signed on a debt, such as a spouse or family member, can vary depending on the… Read More
2024-04-21 11:31
If an individual is seeking to exit a debt review program but doesn’t meet the full criteria for debt review removal, there are alternative solutions available. However, these alternat… Read More
2024-04-21 11:24
After the removal of a debt review and with consistent responsible financial management, the time it takes to see a significant improvement in one’s credit score can vary. This is due… Read More
2024-04-21 11:12
A history of debt review or the removal process should not directly restrict your ability to travel internationally. Debt review is a legal process aimed at helping individuals manage their… Read More
2024-04-21 11:03
When an individual is undergoing the process of debt review removal, a common question that arises is whether creditors can take legal action to recover outstanding debts. The answer to this… Read More
2024-04-21 10:53
When an individual under debt review passes away, the process of debt review removal is handled with utmost care and precision. The first step involves the debt counsellor receivin… Read More
2024-04-17 15:14
Q: Can I renegotiate the terms of remaining debt (e.g., interest rates) with creditors after exiting debt review?
Negotiating terms with creditors after exiting debt review By The National… Read More
2024-04-17 14:46
Q: Does debt review removal have any tax implications?
A: No, debt review removal itself typically doesn’t have any direct tax implications in South Africa.
By The National Debt Re… Read More
2024-04-17 14:16
Q. Does debt review removal impact future business loans?
A. Debt review removal itself should not directly hinder your eligibility for future business loans in South Africa. Here’… Read More
2024-04-17 13:53
Q. What are the after effects of debt review?
A. Debt review in South Africa has both positive and negative after effects. Here’s a breakdown of what to expect.
By The National Deb… Read More
2024-04-17 13:42
Life after debt review in South Africa can be a breath of fresh air financially. Here’s what you can expect.
What is life after debt review? by The National Debt Review Center
The… Read More
2024-04-17 13:07
The National Credit Regulator’s (NCR) Debt Help system status code will be updated to B, G, G1, F2, or F1. Each of these codes represents a different status in the debt review process… Read More
2024-04-17 12:53
The NCR DHS Status Codes provide information on the different stages of a consumer’s debt review process in South Africa.
Status Code : A – Applied for debt counselling… Read More
2024-04-17 12:42
All individuals in South Africa who meet the eligibility criteria outlined in the National Credit Act (NCA) qualify for debt review removal.
Here are the relevant sections of th… Read More
2024-04-17 12:32
The National Debt Review Center is considered the best debt review removal company in South Africa. They were among the first debt counselling companies to handle this process, which was tra… Read More
2024-04-17 12:26
There are several significant benefits of staying under debt review.
While under debt review, creditors cannot take legal action against you for debt recovery. This provides significant f… Read More
2024-04-16 13:30
Yes, it is possible to cancel debt review. However, it is important to note that debt review is a legal process that provides debt relief to consumers who are over-indebted.
If you cancel… Read More
2024-04-16 13:16
The ability to apply for a home loan when your spouse is under debt review depends on the type of marital contract you have.
If you are married in community of property, you have a joint… Read More
2024-04-16 13:04
Yes, you can still rent a property while under debt review. Here’s why:
Debt review is not a credit agreement itself, which means that if you are under the debt review process, you… Read More
2024-04-16 12:53
While you are under debt review, you are generally not allowed to incur any additional debt, which includes applying for a home loan. The primary focus during debt review is to set… Read More
2024-04-16 12:39
Removing yourself from Debt Review requires a clear plan and the commitment to handle your finances responsibly. You become solely responsible for managing your remaining… Read More
2024-04-16 12:27
The process of buying a house after debt review can be initiated through two main routes: completion of the debt review process and receiving a clearance certificate, or … Read More
2024-04-16 12:15
The duration of the debt review flag on your name is contingent on a few factors. The debt review flag remains on your credit profile until you have completed the debt review… Read More
2024-04-16 12:03
Most major banks in South Africa are equipped to work with the debt review process and can assist with debt review removal. This includes but is not limited to:
ABSA: ABSA is one of the l… Read More
2024-04-16 11:41
Once you have successfully completed the debt review process, you regain the ability to apply for credit, which includes car finance. However, the ability to buy a car immediately after exit… Read More
2024-04-16 11:22
Yes, once you have successfully been removed from debt review, you regain the ability to apply for credit, including loans. However, it’s important to note that the approval of your lo… Read More
2024-04-16 01:58
No, being under debt review is not a criminal record. It’s important to understand that debt review is a legal process designed to assist individuals who are struggling with significan… Read More
2024-04-16 01:47
A credit provider has the right to terminate the debt review process under certain circumstances. One of the primary reasons for termination is if you, as the consumer, fail to meet the agre… Read More
2024-04-16 01:38
Section 88 (3) of the National Credit Act (NCA), provides that a creditor may not take legal action to enforce a credit agreement if the consumer has already applied for debt review and the… Read More
2024-04-16 01:31
Can I cancel my Debt Review and continue to pay directly the reduced installment to my creditors?
The National Debt Review Center FAQ’s
The application to terminate a debt review d… Read More
2024-04-16 01:18
Do I need to be present in court for my debt review removal application?
The National Debt Review Center FAQ’s
Whether or not you need to be present in court for your debt review r… Read More
2024-04-16 01:08
How can I get a Clearance Certificate if I cannot locate my debt counsellor, or the debt counsellor got deregistered?
The National Debt Review Center FAQ’s
The first step is to che… Read More
2024-04-16 00:50
Can I apply for debt review removal if my debt review order was a consent order that was confirmed by the National Consumer Tribunal?
The National Debt Review Center FAQ’s
Yes &nda&helli…Read More
2024-04-16 00:41
Yes, it is possible to remove yourself from debt review, but it involves a complex process that requires a good understanding of the legal procedures involved.
Removing debt review typica… Read More
2024-04-16 00:29
Even after I have cleared all my debts under debt review, my credit report still shows that I am under debt review. How can I get the debt review status removed from my credit report?
NDRC… Read More
2024-04-16 00:08
Yes, it is possible to remove your name from under debt review even if you have not finished paying your debt. However, this process requires specific conditions to be met and it’s imp… Read More
2024-04-14 12:00
Section 86(10) of the National Credit Act 34 of 2005, often referred to in the context of debt review in South Africa, provides that a credit provider may terminate a debt review in the pres… Read More
2024-04-14 11:54
A Section 129 debt review, also known as a Section 129 notice or a Letter of Demand, is a legal notice issued by a creditor to a debtor in South Africa. It is delivered in accordance wi… Read More
2024-04-14 11:32
Form 17.4 is now formally known as a 17.W, also known as the Debt Review Cancellation Form, is an official document used in the debt review process. Whether cancelled voluntarily or inv… Read More
2024-04-14 11:21
Reckless lending is generally considered to occur when a credit provider fails to conduct a detailed credit assessment as required by the National Credit Act (NCA) and still offers the consu… Read More
2024-04-14 11:14
In South Africa, under the National Credit Act, only a court or the National Consumer Tribunal (NCT) has the power to declare that a credit agreement is reckless. Th… Read More
2024-04-14 11:08
To prove that a credit agreement might be reckless, a consumer generally needs to show the following;
Date of the Credit Agreement
Copy of the Credit Agreement
Pre-agreement Stateme… Read More
2024-04-14 10:53
The defence of reckless credit is a provision under the National Credit Act 34 of 2005 (as amended) (the Act) in South Africa. This Act promotes responsible credit granting and prohibit… Read More
2024-04-13 20:53
Purpose: This notice serves to confirm that the debt counsellor had followed the proper procedure in determining if the credit was granted reckless or not and mentions the consequences there… Read More
2024-04-13 20:38
Purpose: This notice is to inform creditors that the consumer’s Debt Review application has been approved, and their debt obligations are currently being restructured. The debt counsel… Read More
2024-04-13 18:45
We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC)… Read More
2024-04-13 18:24
We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC)… Read More
2024-04-13 17:34
We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC)… Read More
2024-04-13 17:15
We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC)… Read More
2024-04-13 16:55
Purpose: This notice serves to inform a credit provider that the debt counsellor intends to investigate possible reckless credit and therefore request the creditor to provide the following d… Read More
2024-04-12 23:38
Purpose: A Debt Review Clearance Certificate, also known as Form 19, verifies that a consumer has fulfilled all obligations under every credit agreement that was part of a debt review proces… Read More
2024-04-12 23:27
Purpose: This notice serves to advise creditors, consumer(s) and relevant parties that the Debt counsellor has suspended provision of service due to non-cooperation by the Consumer. The Debt… Read More
2024-04-12 23:15
Purpose: This notice serves to advise creditors and relevant parties that the consumer’s application for debt review was rejected by the Magistrate due to the no longer overindebted re… Read More
2024-04-12 23:05
Purpose: This notice serves to advise creditors that the consumer’s has requested to be transferred to another Debt Counsellor with immediate effect. In addition, the form will contain… Read More
2024-04-12 22:59
Purpose: This notice serves to advise creditors that the consumer’s has applied for and has subsequently been placed under Debt Review in terms of Section 86 of the National Credit Act… Read More
2024-04-12 22:50
Purpose: This notice serves to advise creditors that the consumer’s has applied for and has subsequently been placed under Debt Review in terms of Section 86 of the National Credit Act… Read More
2024-04-12 22:41
Purpose: This notice serves to advise creditors that the consumer’s application for Debt Review was restructured, and a court / Tribunal order has been issued or granted. This form fur… Read More
2024-04-12 22:33
Purpose: This notice serves to advise creditors that the consumer’s application for Debt Review was rejected in terms of Section (86)7(a) of the National Credit Act 34 of 2005
NCA S… Read More
2024-04-12 22:23
Purpose: In the event that a credit provider fails to provide a debt counsellor with the corrected information within 5 business days of such verification being requested, the debt counsello… Read More
2024-04-12 22:13
Purpose: The debt counsellor has the statutory power to recommend that the consumer be declared over-indebted, Section 85(b), Section 87(1) and/or Section 88(1)(b) of the National Credit Act… Read More
2024-04-11 14:25
Purpose: This form informs credit providers and credit bureaus about a consumer’s application for debt review.
NCA Section: It aligns with Section 86(4) – 86(5) of the NC… Read More
2024-04-11 13:59
In South Africa, the National Debt Review Center has developed a structured procedure for the removal of debt review. This method aims to assist individuals in restoring their credit standi… Read More
2024-04-11 11:02
Explore NDRC’s Debt Counselling Help, a comprehensive service designed to guide you towards a debt-free life. Our expert team provides personalized strategies to manage your debts eff… Read More
2024-04-10 19:50
Explore the essential debt review forms used in South Africa, their purposes, and the relevant sections of the National Credit Act. Download templates and gain insights into the debt review… Read More
2024-04-03 11:21
In this article we cover all available Debt Relief Programs for Individuals Seeking Debt Assistance in South Africa
The National Debt Review Center
Introduction
As someone struggling… Read More
2024-04-03 09:10
Learn How to Effectively Remove Yourself from Debt Review!
The National Debt Review Center
What is the purpose of this article?
As someone who applied for debt review, you may feel tr… Read More
2024-03-30 20:13
How to Cancel Debt Review: A Step-by-Step Guide for South Africans
By The National Debt Review Center
A Step-by-Step Guide to Canceling Debt Review in South Africa
You have decided to… Read More
2024-03-30 14:40
How to Remove Debt Review Online: A Step-by-Step Guide
By The National Debt Review Center
The Online Process of Removing Debt Review in South Africa
As a consumer, you may find yourse… Read More
2024-03-29 23:51
Get free government debt counselling services to manage your financial burdens. Expert guidance, legal protection, and peace of mind. Choose wisely and avoid scams.
The National D… Read More
2024-03-29 19:24
Why Is Your Debt Review Not Working in March 29, 2024?
The National Debt Review Center
Understand, Why Is Your Debt Review Not Working
Debt review is a critical process for individual… Read More
2024-03-29 18:06
Discover ’10 Things You Need to Know About Sequestration While Under Debt Review’ to grasp the intricacies of financial debt solutions. The article offers essential insights for… Read More
2024-03-29 13:28
Top 5 Reasons for Applying for Debt Review in South Africa
The National Debt Review Center
Introduction
In the face of rising inflation and aggressive interest rate hikes, m… Read More
2024-03-29 02:22
Explore top-rated debt counselling services with South Africa’s best debt counsellor at The National Debt Review Center, dedicated to helping you achieve financial stability.
The Nati… Read More
2024-03-27 14:31
Debt consolidation is a financial strategy that combines multiple debts into a single loan, often with a lower interest rate and a simplified payment schedule. This article will guide you th… Read More
2024-03-27 11:32
Are you a South African citizen saying to yourself, “I need help with debt”? You’re not alone. Many South Africans are grappling with debt, but the good news is that help… Read More
2024-03-26 14:15
The Role of Lawyers that Remove Debt Review in South Africa
The National Debt Review Center
The Role of Lawyers that Remove Debt Review in South Africa
Debt review can be a lifeline f… Read More
2024-03-26 12:03
Learn how to deal with debt in South Africa and achieve financial freedom today!
The National Debt Review Center
How to Deal with Debt in South Africa
Debt can be a significant burden… Read More
2024-03-25 16:51
Struggling with debt? Learn how to qualify for debt review in South Africa. This includes income requirements, legal status, and how to get started with a debt counsellor.
The National Debt… Read More
2024-03-23 20:53
Latest NCR Debt Review Removal Guidelines
The National Debt Review Center
NCR Debt Review Removal Guidelines
The National Credit Regulator issued Circular 02 of 2022, which aims to in… Read More
2024-03-23 14:44
“Free Debt Review Removal Advice for South African’s” by The National Debt Review Center
This article provides free advice on debt review removal for South Africans con… Read More
2024-03-22 16:25
Struggling with debt in South Africa? Debt review can help! Learn how to manage your debt, reduce repayments, and achieve financial freedom. NDRC Debt Counsellors – Free Consultation… Read More
2024-03-22 00:41
A set of useful, practical South African tips for saving money and managing finances March 22, 2024
By The National Debt Review Center
Tips for Saving Money
Living in South Africa, yo… Read More
2024-03-21 18:42
This is your ultimate guide about Personal Finance Management in South Africa! Learn to budget, save, manage debt, and invest for a secure future. Explore South African financial products &a&hell…Read More
2024-03-20 00:41
Thinking About Exiting Debt Review in South Africa? Here’s What You Need to Know!
By Sibabalwe Dakana – Registered Debt Counsellor & Debt Review Removal Expert in South Afri… Read More
2024-03-18 16:17
Feeling overwhelmed by debt? We can help! The National Debt Review Center offers professional debt counselling services in South Africa. Reduce payments, stop creditor calls, and become debt… Read More
2024-03-14 15:57
Struggling to exit Debt Review in South Africa? This comprehensive guide answers the top 55 frequently asked questions about Debt Review Removal in South Africa. Find out how to clear your r… Read More
2024-03-12 15:31
This article explores the process of canceling debt review before being declared over indebted.
What is the Debt Review Process
Debt review is a formal process overseen by a registere… Read More
2024-03-04 11:34
Debt review can be a lifeline for those struggling with overwhelming debt. However, once you’ve settled your accounts, you naturally want to move on. This article explores how to achie… Read More
2024-03-04 01:29
Personal loans offer a convenient way to access a lump sum of cash for various needs, but how does this financial tool affect your South African credit score, a crucial factor in accessing f… Read More
2024-03-04 00:44
Falling behind on your bond (home loan) payments can be a stressful and overwhelming experience. However, it’s crucial to remember that you’re not alone, and there are steps you… Read More
2024-03-03 23:55
Debt review, also known as debt counselling, is a legal process established by the National Credit Act (NCA) to assist South Africans struggling with overwhelming debt. This article provides… Read More
2024-03-02 18:27
What is debt review removal? This guide explains the process of removing the debt review flag from your credit report, helping you regain access to loans and rebuild your creditworthiness… Read More
2024-02-24 23:51
Last Updated on February 24, 2024 by The National Debt Review Center
Is debt controlling your life? Here is what to do if you are over indebted in South Africa.
By The National Debt Review… Read More
2024-02-06 12:21
Last Updated on February 6, 2024 by The National Debt Review Center
At The National Debt Review Center, we’re committed to providing top-notch debt review removal services with transpa… Read More
2024-02-01 13:04
Download the best debt review app in South Africa! This free debt review app empowers you to take control of your financial journey by providing a user-friendly platform that simplifies the… Read More
2023-11-28 14:41
Discover essential tips for saving money on car repairs in South Africa with our comprehensive guide. Learn about regular maintenance, DIY fixes, smart shopping for parts, and choosing the… Read More
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