Debtfree Magazine Sept 2017
SA's Free Debt Counselling and Debt Review industry magazine- The September 2017 issue. We discuss the new possible fees for debt review as suggested by the NCR. We also look at recent industry events, consumer tips and advice for those under debt review.
SA's Free Debt Counselling and Debt Review industry magazine- The September 2017 issue. We discuss the new possible fees for debt review as suggested by the NCR. We also look at recent industry events, consumer tips and advice for those under debt review.
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Will My Fees Change?<br />
If the NCR issue a new fee guideline in the next few months or next year<br />
it is unlikely to impact on the fees you currently pay for debt review.<br />
If you are under debt review, you probably have a court order which<br />
sets out the payment plan, month by month, until your debts are repaid.<br />
This calculation (along with the proposals which your credit providers<br />
received) factor in the fees that you have agreed to pay. To change these<br />
fees half way through the process could throw off all those calculations<br />
and lead to you breaking the requirements of the court order or<br />
agreements with your creditor providers. Thus it is unlikely that if you<br />
are already under debt review your fees will change.<br />
New consumers entering debt review after such a guideline is issued<br />
would potentially pay according to the NCR fee guideline (if that is what<br />
the debt counselling firm decides to charge).
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