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Debtfree Magazine December 2017

SA's Free Debt Counselling & Debt Review Industry Magazine: December 2017 issue. We ask if consumers under debt review are learning or will they repeat past mistakes? We also look back at 2017 and review the NCR Conference and interview a Debt Counsellor...and more

SA's Free Debt Counselling & Debt Review Industry Magazine: December 2017 issue. We ask if consumers under debt review are learning or will they repeat past mistakes? We also look back at 2017 and review the NCR Conference and interview a Debt Counsellor...and more

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Mr Peter Michaels of the NCR closed<br />

out the day as he spoke about<br />

things like registration and lapsing<br />

of registrations prior to a question<br />

and answer session. It was revealed<br />

that another 300 Debt Counsellors<br />

registration was to lapse shortly. This<br />

means that the number of previously<br />

registered Debt Counsellors will<br />

now be halved in the country since<br />

the increased annual renewal fees<br />

began. Many questions were asked<br />

and this provided the chance for<br />

industry role players to comment<br />

and take note of concerns of those<br />

in the audience.<br />

The event was well supported<br />

(though some had to leave during<br />

the conference to go to mosque<br />

since it was held on a Friday) and<br />

the audience was generally positive<br />

about the day. Both Debt Counsellors<br />

and Credit Providers benefitted<br />

from getting to meet face to face<br />

and engage with one another about<br />

current challenges (such as end<br />

balance differences). The NCR can<br />

chalk this one up as a great success.

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