Debtfree Magazine Issue 11 of 2021
SA's free magazine about dealing with debt, debt counselling and debt review. This month we look at the topic of debt addiction. Could you be addicted to debt? We also look at how two debt counsellors were fined R500 000 each. Why? News, Reviews, Tips and advice and more.
SA's free magazine about dealing with debt, debt counselling and debt review.
This month we look at the topic of debt addiction. Could you be addicted to debt?
We also look at how two debt counsellors were fined R500 000 each. Why?
News, Reviews, Tips and advice and more.
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Many Debt Counsellors however feel that it is still disappointing to see
that the NCR needs to take matters to the NCT, and try go for fines and
deregistration. It is a pity that the Debt Counsellors are not simply asked
to amend any such behavior, and compensate consumers if necessary.
Some say this heavy handed approach is because the NCR staff have
set very public quotas about enforcement against Debt Counsellors,
and have gone so far as to announce these in parliament etc. This then
creates pressure to meet those goals instead of simply arranging Debt
Counsellors to make needed changes to refine their processes.
Others say that Debt Counsellors should be held to a higher standard
than even credit providers, and should absolutely be harshly punished if
they step out of line.