Debtfree Magazine September 2019

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emorse and fail to follow through without being helped to clearly see the benefits over and over again. Now more than ever it seems it is time to only bring people on board who will complete the process. Credit providers should be increasingly wary of issuing 86(10) terminations as it may now mean they end up trapping consumers in limbo unable to ever become a customer again in a time when banks are desperate to retain clients. For those who already dropped out the process, perhaps even years ago, they should avoid been scammed for fees for any ‘debt review status removal’ services. This ruling makes it clear that such services cannot work. These consumers should rather focus on finally repaying their debts. If they do not pay off these existing debts then they will continue to be considered over indebted and be locked out of accessing new credit. It seems that the NCR and DTI need to seriously consider making amendments to the National Credit Act to help the many hundreds of thousands of consumers who are trapped outside the credit market. Changes have been made to the Act in the past to allow consumers to leave debt review without being trapped in the process for 30 years with a bond. Perhaps new changes could be made to address this issue. For now, if you have entered debt review it seems that the only way out is through.
South Africa’s leading Debt Counsellors since 2007 Start getting out of debt today! www.creditmatters.co.za Call our national call centre on 086 111 6197
Page 1 and 2: ARE YOU TRAPPED IN DEBT REVIEW Sept
Page 3 and 4: A TRUSTED PARTNER FOR NEARLY A DECA
Page 5 and 6: discuss some of their proposals in
Page 7: DEBT REVIEW SCHOOL If you pay your
Page 10 and 11: ARE YOU TRAPPED IN DEBT REVIEW
Page 12: ARE YOU TRAPPED IN DEBT REVIEW? Deb
Page 15 and 16: ARE YOU TRAPPED IN DEBT REVIEW? SHO
Page 19 and 20: ARE YOU TRAPPED IN DEBT REVIEW? CAN
Page 21 and 22: The court case was heard, in Gauten
Page 23 and 24: ARE YOU TRAPPED IN DEBT REVIEW? WHA
Page 28 and 29: Take Back Control Of Your Finances
Page 31 and 32: ADVERTISING TIPS Are you spending a
Page 33: If we see an advert for a service o
Page 36 and 37: KIM ARMFIELD AND ASSOCIATES When de
Page 38 and 39: GOVERNMENT IMPACT REPORT REVEALS MA
Page 40 and 41: ISSUES WITH NEW NCA AMENDMENTS WHAT
Page 43 and 44: ISSUES WITH NEW NCA AMENDMENTS WHY
Page 45 and 46: sent to Parliament. It simply highl
Page 47: MAXIMISING INSURANCE RELATED INCOME
Page 50 and 51: DTI PLANNING NEW NCA REGULATIONS SO
Page 52 and 53: Die Republiek van SKYT AFRICA Hi Al
Page 54 and 55: feit dat hulle onder skuldberading
Page 56 and 57: Debt Counsellors Collective Check o
Page 58 and 59: Large Debt Counselling firm seeks t
Page 60 and 61: STUCK USING ANCIENT TECHNOLOGY? Con
Page 62 and 63: CLICK THE C SERVICE D DEBT COUNSELL
Page 64 and 65: DEBT COUNSELLORS GAUTENG KWAZULU- N
Page 66 and 67: PENNY WISE Cathy Foster Debt Counse
Page 68 and 69: South Africa’s largest and most t
Page 70 and 71: South Africa’s largest and most t
Page 72 and 73: National Debt Advisors Fighting For
Page 74 and 75: GMC Debt Solutions 52 Kerk Street L
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National Debt Advisors Fighting For
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National Debt Advisors Fighting For
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ISISEKO DEBT HELP Get Your Life bac
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South Africa’s largest and most t
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SUPPORT SERVICES 011 451 0041 0860
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LEGAL www.embattornerys.co.za Liddl
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PAYMENT DISTRIBUTION AGENCIES COLLE
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CAPITEC CONTACT DETAILS Form 17’s
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Contact Function C A L L C E N T E
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First National Bank - a division of
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17.1, 17.2, Proposals, General corr
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Debtfree Magazine September 2019

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