Debtfree Magazine Issue 8 of 2021
Debtfree Magazine is SA's free monthly magazine about dealing with debt, debt counselling and debt review. This month we look at scams that target consumers in the process. We also have news, reviews, opinion pieces and a detailed look at the coming Debt Review Awards (held in September 2021).
Debtfree Magazine is SA's free monthly magazine about dealing with debt, debt counselling and debt review. This month we look at scams that target consumers in the process. We also have news, reviews, opinion pieces and a detailed look at the coming Debt Review Awards (held in September 2021).
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NCR’S CREDIT INDUSTRY FORUM DISCUSSING
CHANGES TO DEBT COUNSELLING FEE
GUIDELINE
The NCR from time to time release fee guidelines that it
feels the industry should follow. These fee guidelines are
often matched by debt review proposal software (which
helps Debt Counsellors quickly make proposals to credit
providers).
At present the NCR are asking members of the Credit Industry
Forum to consider a fee structure which asks attorneys to
wait to get paid or to perhaps not get paid if clients drop out
of the process.
They have also proposed a fee structure that would see
Debt Counsellors wait on courts and consumers for a long
time to pay a quarter of their fees.
Many Debt Counsellors and Attorneys are worried that such
a fee structure will prevent them from being able to operate
successfully and could wipe out the industry.
For more information visit: www.debtfreedigi.co.za for a
detailed examination over the next few weeks.
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