Debtfree Magazine November 2018

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only left with a bond, can leave debt review and continue with reasonable payments towards their bond. They can then have the debt review status removed at the credit bureaus and can access credit again (if they can afford to do so). The Debt Counsellors Association of South Africa (DCASA) is currently preparing a report on how effectively the various large banks are managing this process. There are some who say that the process is being inconsistently dealt with and some consumers are getting the short end of the stick. The purpose of the changes to the NCA was to make it easier and safer for consumers with bonds to make use of the debt review process to sort out their short term credit issues while keeping their assets safe. If some banks are now making requirements of consumers which threaten their assets this would be defeating the purpose of those amendments. DCASA hope that the report will help inform the NCR and industry and assist with future implementation of this Section of the NCA. Certain consumers who wish to make use of this provision are told to first leave debt review entirely and only then will the bank negotiate with them about the required monthly repayment amount. This poses a danger since once the consumer has left the safety of debt review then the bank could demand a much higher payment than the consumer can afford.
STUCK USING ANCIENT TECHNOLOGY? Contact Maximus on 011 451 0041 | www.dcmax.co.za
Page 1 and 2: SOUTH AFRICA’S DEBT COUNSELLING M
Page 4 and 5: How many times have you told yourse
Page 7 and 8: HOW COMMITTED ARE YOU TO DEBT REVIE
Page 9 and 10: DEBT REVIEW SCHOOL Know your abbrev
Page 11 and 12: D DECEMBER
Page 13: For many people December is simply
Page 16 and 17: DREADED DECEMBER DON’T LET DECEMB
Page 18 and 19: Jothie Bechoo ATTORNEYS & DEBT COUN
Page 20: HOW COMMITTED ARE YOU TO DEBT REVIE
Page 23 and 24: These are not short term, impulsive
Page 25 and 26: In many ways the challenge of stick
Page 27 and 28: HOW COMMITTED ARE YOU? UNDERSTAND Y
Page 29 and 30: SURE Credit ProteCtion - debt revie
Page 32 and 33: HOW COMMITTED ARE YOU? WAYS TO MEAS
Page 35 and 36: HOW COMMITTED ARE YOU? WARNING SIGN
Page 37 and 38: THE END OF THE YEAR IS COMING SOME
Page 39 and 40: 10% commitment to paying off Debt J
Page 42 and 43: KIM ARMFIELD AND ASSOCIATES When de
Page 44: NEWS NCR CONSUMER EDUCATION NCR HIR
Page 47: DTI RESEARCH FORUM DCASA LAUNCH INV
Page 51 and 52: PROFESSIONAL DEBT COUNSELLING ATTOR
Page 53 and 54: Die Republiek van SKYT AFRICA Hi Al
Page 55 and 56: DON’T WORK WITH AN OUT DATED VERS
Page 57: PAST VERSIONS The laws of South Afr
Page 60 and 61: Debt Counsellors Collective The NCR
Page 62 and 63: WIN FREE ONLINE TRAINING WORTH R105
Page 64 and 65: CONSUMER FINANCIAL EDUCATION FOUNDA
Page 67 and 68: don’t be a twit http://twitter.co
Page 69 and 70: IRECTORY ATEGORY DO YOU WANT TO LIS
Page 71 and 72: LIMPOPO NORTH WEST EASTERN CAPE MPU
Page 73 and 74: Specialist Debt Management Centre B
Page 75 and 76: Get debt relief ¨ with our help to
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Page 79 and 80: LIMPOPO National Debt Advisors Figh
Page 81 and 82: National Debt Advisors Fighting For
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Page 95 and 96: Debt Review DepartmentEmail Address
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DC Query Process DC Query Process w
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Debtfree Magazine November 2018

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