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FAQs about...

Credit Health

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What is a Section 129 Notice?

A Section 129 notice is the last step before your credit provider takes legal action against you. Under no circumstances should you ignore important letters like a Section 129 notice. Why is It...

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What is Credit Life Insurance and Do I Need It?

Credit life insurance is insurance coverage for consumers taking out credit, e.g. mortgages/home loans, vehicle finance, personal loans, and credit card debt. What's Covered? Generally, credit life...

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What is a Credit Bureau?

In terms of Section 70 of the National Credit Act (NCA), a credit bureau is an entity that collects, compiles and reports consumer credit information, filed from any credit provider, for the purposes ...

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What are the Advantages and Disadvantages of Debt Counselling?

Debt review, also called debt counselling, is a financial lifeline for many individuals who find themselves struggling to service their debt and make ends meet. It's a structured and regulated...

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Who should I Contact if I Find Errors on my Credit Report?

Your credit score and credit report are very important parts of your financial wellness. Credit providers use credit scores and the credit report to decide whether to advance any credit to you...

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What is a Debt Counsellor?

Debt counsellors are defined as natural persons who are registered by the National Credit Regulator (NCR), in terms of section 44 of the National Credit Act (NCA), offering a service of debt...

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How Much Does Debt Counselling Cost?

Debt review fees which are payable by you as the consumer, are tightly regulated by the National Credit Regulator. Fees are payable in month 1 or within the first 30 days from the date of your...

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