Debt review removal involves a process where a debt counsellor issues a clearance certificate to a consumer who has completed paying off their debts.
If, after deducting your living expenses from your net salary, you have less cash left than what is required by your loan instalments, you may be over-indebted and in need of debt review.
Are you navigating the complexities of being under debt review while trying to rent a property? This comprehensive guide delves into the intricacies of this situation, offering insights and solutions.
Deciding to enter debt counselling (debt review) is an important step to becoming debt-free. Here is what happens during the debt counselling process.
Debt Sage boasts of highly trained and educated, National Credit Regulator (NCR) registered, national debt counsellors.
Many clients considering debt review express concerns about its potential impact on their job prospects. It's essential to thoroughly understand the implications of enrolling in debt review services before making a commitment.
The National Credit Act (NCA) introduced debt counselling as a formal debt relief measure whereby a debt counsellor determines whether a consumer is or unable to satisfy, in a timely manner, all the obligations under all the credit agreements to which the consumer is a party.
A Debt Counsellor is defined in terms of the National Credit Act regulations as a natural person who is registered by the National Credit Regulator (NCR) in terms of section 44 of the Act, offering a service of debt counselling.