Debtfree Magazine September 2019

More documents

Recommendations

Info

ISSUES WITH NEW NCA AMENDMENTS WHAT CHANGED? If “Debt Intervention” is just debt review, which has been around for years, then what’s the big deal? While debt intervention IS just debt review (done by the National Credit Regulator for people who earn less than R7500 and with less than R50 000 unsecured debt) it does have 2 big differences:
Difference #1 The NCR (and later courts) encouraged Debt Counsellors not to take on clients who did not have income to pay back their debts (even though the NCA did not specify this about debt review). They also regularly encourage Debt Counsellors to try to get consumers to repay their debts within 60 months, which is popular with many credit providers. The NCR themselves will be taking on such matters for consumers who qualify, and don’t have income or enough to repay debts now. They will make use of the provisions in the NCA which allow repayments to be postponed for a while. This allows these consumers to start to earn more income, but means credit providers must wait for funds, and cannot take them to court in the interim. Difference # 2 Debt Intervention could see consumers, who cannot make debt repayments for many years, eventually have some of their debt written off. The credit providers feel very nervous about this, since the debt they offer to bank clients is their property, as well as that of their savings clients. Debt write offs may equate to expropriation of property without compensation.
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 26 and 27: emorse and fail to follow through w
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 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 72 and 73: National Debt Advisors Fighting For
Page 74 and 75: GMC Debt Solutions 52 Kerk Street L
Page 80 and 81: ISISEKO DEBT HELP Get Your Life bac
Page 84 and 85: SUPPORT SERVICES 011 451 0041 0860
Page 86 and 87: LEGAL www.embattornerys.co.za Liddl
Page 88 and 89: PAYMENT DISTRIBUTION AGENCIES COLLE
Page 90 and 91:
CAPITEC CONTACT DETAILS Form 17’s
Page 92 and 93:
Contact Function C A L L C E N T E
Page 95 and 96:
First National Bank - a division of
Page 97:
17.1, 17.2, Proposals, General corr
show all

Debtfree Magazine September 2019

Create successful ePaper yourself

Delete template?

Save as template?