Debtfree Magazine issue #12 of 2021
SA's Free Magazine about dealing with debt, debt counselling, debt review and more. This month we look both back and forward as we review 2021 and what we can learn from the tough year.
SA's Free Magazine about dealing with debt, debt counselling, debt review and more. This month we look both back and forward as we review 2021 and what we can learn from the tough year.
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TALK IS CHEAP MUCH CHEAPER THAN GOING TO COURT
DEBT MEDIATION
The head of FNB’s debt review department once told
Debt Counsellors at the Debt Review Awards Gala that
an organisation called the National Debt Mediation
Association was set up by credit providers (many years
ago) to try divert consumers away from the legal
protection of debt review.
This is why the words Debt Mediation leave a bad taste in the mouth
of many Debt Counsellors. If consumers have a problem paying their
debts then they need to approach a Debt Counsellor and avoid anyone
advertising this type of “mediation” online.
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