Debtfree Magazine November 2018
SA's Free Debt Counselling & Debt Review Industry Magazine. Tips and advice on getting out of debt and making a success of debt review. The November 2018 issue.
SA's Free Debt Counselling & Debt Review Industry Magazine. Tips and advice on getting out of debt and making a success of debt review. The November 2018 issue.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NCT DISTRIBUTE<br />
RULING ON DEBT<br />
REVIEW<br />
In a bit of an unusual move the<br />
National Consumer Tribunal<br />
sent out a ruling about a debt<br />
review matter to all Debt<br />
Counsellors across the country<br />
via blast email this month.<br />
Other organisations and<br />
associations were also asked<br />
to spread the word. The ruling<br />
had to do with consumers<br />
who had been in debt review<br />
once before and, among other<br />
things, what accounts could be<br />
included in debt review or not.<br />
The Debt Counsellors involved<br />
are one of the largest in the<br />
country and because the ruling<br />
went against them it appeared<br />
to be rather negative for them.<br />
The firm has now decided to<br />
take the matter back to the<br />
NCT for another hearing since<br />
they did not actually know<br />
about the case the first time it<br />
was held. They never even got<br />
to attend. Because they did not<br />
present information to the NCT<br />
about his case the ruling was<br />
made without all the relevant<br />
information. This is important<br />
since this will then significantly<br />
alter the ruling after the matter<br />
is heard again this time with all<br />
parties present. It seems that<br />
the very unusual decision to<br />
so quickly and publicly share<br />
the ruling may have been<br />
somewhat premature after all.
Change language