Debtfree DIGI September 2016
SA's Free Debt Counselling and Debt Review Industry Magazine. Are Garnishee orders dead? What did the Constitutional Court say? How can you deal with Debt Stress? This and more in this months issue
SA's Free Debt Counselling and Debt Review Industry Magazine. Are Garnishee orders dead? What did the Constitutional Court say? How can you deal with Debt Stress? This and more in this months issue
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CIF also agreed a need for NCR Task Team Agreement Guidelines Training. DCASA has responded<br />
by launching a NCR Task Team Guidelines Training booklet at the recent DCASA Annual<br />
Conference. This training document provides a summary of the responsibilities and all parties<br />
involved in the Debt Review Industry, a detailed DCRS guideline and subsequent CIF agreements<br />
relevant to the process.<br />
DCASA will also provide NCR Task Team Guideline Training at the upcoming DCASA Regional<br />
meetings. The aim is to reach Debt Counsellors and their staff with the proposed training and<br />
to dramatically increase the usage of DCRS by all Debt Counsellors. The aim is to increase DCRS<br />
usage from the current 13% to 70% in a years’ time.<br />
Some of the reasons why Debt Counsellors should consider use of DCRS include:<br />
• A consumers’ cash flow can improve by up to 39%. This reason alone should be enough to<br />
motivate usage.<br />
• Consumers will rehabilitate sooner.<br />
• Debt Counsellors will spend less time restructuring proposals.<br />
• No counter proposal through DCRS speeds up the process.<br />
• DCRS also speeds up the court process.<br />
• Adherence to agreed processes reduces disputes between DC and Credit Provider.<br />
Although the DCRS system changes have not yet been implemented this should not stop Debt<br />
Counsellors to use DCRS. Debt Counsellors can also request from their Debt Counselling System<br />
providers through their PDAs.<br />
Although some Credit Providers have been slow to implement the NCR Task Team Agreement,<br />
the good news is that major Credit Providers have pledged commitment to implement the<br />
provisions of the NCR Task Team Agreement Guidelines and this includes guaranteed acceptance<br />
of DCRS proposals which solve.<br />
DCASA encourage all Debt Counsellors and their staff to study the NCR Task Team Agreement<br />
Guidelines and to dramatically increase the use of DCRS. A number of Debt Counsellors are<br />
already using DCRS extensively and they report high rates of approval of DCRS proposals by all<br />
major Credit Providers.<br />
The electronic training document and slides are available to every Debt Review Industry<br />
participant and can be requested from DCASA by e-mail at: dcasa@dcasa.co.za<br />
DEBT COUNSELLORS<br />
ASSOCIATION OF SOUTH AFRICA
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