We offer you financial freedom at DEBT RELIEF CONSULTING and a registered debt Counsellor at your disposal.
Your Journey with Debt Relief Consulting
STEP 1
Submit your details to DRC for a FREE credit assessment.
STEP 2
Apply for Debt review to protect your assets from repossession.
STEP 3
Lower your monthly debt repayments by up to 50%.
STEP 4
Save money and be credit worthy again.
Legal Guideline for Debt Review
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Debt review in South Africa is governed by the National Credit Act 34 of 2005 (NCA), which sets rules to protect consumers and credit providers. This groundbreaking legislation has had a significant impact on the credit industry, aiming to protect consumers and credit providers alike by establishing clear rules and regulations.
What the NCA can do for you?
National Credit Act
The NCA promotes a fair credit marketplace by regulating consumer credit, banning unfair practices, encouraging responsible lending, prohibiting reckless credit, providing for debt reorganization, and managing credit information
Rights of Over-Indebted Consumers
The NCA protects over-indebted consumers, defining them as those who can’t repay their debts after covering basic living expenses. It grants them rights such as protection from unfair practices and access to debt review.
Responsibilities of Credit Providers
Credit providers must ensure fair and responsible lending practices, avoid reckless lending, and provide clear information about credit agreements.
Impact on Credit Score
Debt review affects a consumer’s credit score, limiting access to new credit during the process but potentially improving the score after successful completion.
Legal Protections and Consumer Rights
The NCA provides protections such as protection from harassment, the right to fair treatment, and access to clear information about credit agreements and the debt review process.
