The Debt Counsellors Association of South Africa has been working with the NCR and various other stakeholders to curb the abuse seen in some Debt Counsellor practices. Misleading Advertising, where they state –“We can remove your Debt Review status. Easy loans Debt Review – no problem. We can do the same...
INTRODUCTION Â The National Credit Act 34 of 2005 (NCA) introduced debt review as a debt relief measure for over-indebted consumers. However, the provisions to withdraw from this process by the consumer or debt counsellor(DC) is not specified in the NCA. To provide a solution for consumers whose financial circumstances have improved...
The DCASA’s recent newsletter on the latest update on the debt re-arrangement discussion document touches on a number of concerning issues that are rife within the industry. The most pertinent issues, such as those involving the head office or branch office of the Counsellor, reckless credit, cases where Creditors have...
