Debtfree Issue 202303 - DB SE
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It’s fair to assume that if summonses have increased by 25% over the<br />
past three years that the value of what’s owed has grown by the same<br />
proportion, he says.<br />
Debt counselling is a tried, tested and effective tool for consumers<br />
dealing with high debt levels. Evidence of this is the number of people<br />
to successfully complete debt counselling and get their clearance<br />
certificates, which has increased five-fold over the past six years.<br />
“We also know that from experience that when different debts are<br />
consolidated into a single monthly repayment, as they are in debt<br />
counselling, consumers have a higher repayment ratio because they<br />
don’t pick and choose which debt to repay.”<br />
The NDCA’s view is that including particularly rates and school fees<br />
when amendments to the National Credit Act are considered would<br />
be a win-win, both for consumers struggling with high debt burdens<br />
and debtors currently excluded such as schools and municipalities.<br />
“Expanding the NCA to allowing debt counsellors to renegotiate<br />
municipal rates and similar kinds of debt would be a more effective<br />
way for municipalities and others to recover the billions they’re<br />
currently owed.”
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