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Debtfree DIGI October 2015

SA's Free debt counselling & Debt Review industry. We look at local news about creditors and the NCR. We interview the head of Capitec Banks debt review department and a Cape Town Debt Counsellor and...more

SA's Free debt counselling & Debt Review industry. We look at local news about creditors and the NCR. We interview the head of Capitec Banks debt review department and a Cape Town Debt Counsellor and...more

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OCTOBER<br />

NEWSLETTER<br />

COURT CASES AND<br />

THE NCR FEE STRUCTURE<br />

It seems that the Barnardt case is getting<br />

a lot of attention recently in the press<br />

and we will be chatting about it on our<br />

dedicated members Facebook page<br />

in the next few days. Please weigh in<br />

on what we can and should do in this<br />

regard. It is likely that this matter (costs<br />

orders against Debt Counsellors and the<br />

Fee Guideline in court) will be raised at<br />

the Credit Industry Forum in the near<br />

future.<br />

FRB IN COURT MATTERS<br />

When dealing with Wesbank or FNB it<br />

is good for members to remember that<br />

they are actually dealing with FirstRand<br />

Bank Limited (who are registered with<br />

the NCR as NCRCP20) . Often on court<br />

documents relating to Direct Axis,<br />

Call Direct, Clicks and Wesbank Debt<br />

Counsellors name these separate entities<br />

as respondents in the court papers (and<br />

are listed as such by us in our 17.1s and<br />

2s) but members should consider if<br />

these are, in fact, NCR registered entities<br />

or actually fall under the FRB umbrella.<br />

In the past some courts have picked this<br />

up and have even issued costs orders.<br />

Members will want to work according to<br />

the NCA requirements to avoid mistakes.<br />

We will be talking more about this on<br />

our members page on Facebook.<br />

AGM<br />

Our Annual General Meeting will be held<br />

shortly and we will be emailing all our<br />

members an invitation. Please attend<br />

the AGM to discuss the year gone by<br />

and the plans for the next 12 months or<br />

send your proxy votes with one of the<br />

members who do attend.<br />

CONTACT DETAILS<br />

FORUM: www.debtconcern.webs.com / WEBSITE: www.allprodc.org /<br />

FACEBOOK: www.facebook.com/AllProDC / TWITTER: www.twitter.com/AllProDC

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