Debtfree Magazine Issue 3 of 2021
SA's free debt counselling & debt review magazine. This month we look at ways to better cope with your stress. We also dive into the NCR's plan to review their guideline on fees for debt review.
SA's free debt counselling & debt review magazine. This month we look at ways to better cope with your stress. We also dive into the NCR's plan to review their guideline on fees for debt review.
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NCR FEE GUIDELINE TO BE REVIEWD
DCASA RESEARCH
IDENTIFIED A HUGE
PROBLEM
DCASA Research, presented back in 2014, revealed
a growing problem in the industry. It was becoming
more expensive for Debt Counsellor to help people
and the fees had not increased in several years.
To stay in business, Debt Counsellors were progressively paying their
staff less and less money. Debt Counsellors themselves were also
drawing smaller and smaller monthly salaries (an average of +- R11
000 in 2014). It also revealed that the process was now taking more
than twice as long as it had back in 2009.
This critical research revealed that reckless credit investigations would
extend the amount of work Debt Counsellors did, by at least 100% if
even a single case of reckless credit was possibly involved.
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