Print

What is Debt Counselling

Debt counselling is a process of assisting consumers that are experiencing debt related problems through:-

• Budget advice;
• Restructuring their payments;
• Negotiating with credit providers on their behalf, and
• Monitoring their payments while
• Providing after-care services

Debt counselling is done by a debt counsellor. This is someone who is registered with the National Credit Regulator (NCR) and who assists consumers who are experiencing debt-related problems and are having difficulty making their current monthly payments by providing them with budget advice support and mediation with credit providers.

Print

How does it work?

If you believe that over-indebted you have the right to apply to a debt counsellor to have yourself declared over-indebted. This procedure is only in place in respect of credit agreements where the credit provider has not issued Summons. The purpose of debt review is to head off legal action to seek a negotiated settlement and to obtain a court order against the credit providers forcing them to accept a lesser installment and/or to extend the repayment period of the agreements.

The procedure provided for by the Act is as follows:

  • You (“the consumer”) apply to us (“the debt counsellor”) to be declared over-indebted.
  • Upon receipt of your application and payment of the statutory fee of R50.00, we will give notice to all credit bureaus and to all your creditors that you have applied for a debt review. Thereafter, for a period of 60 business days, and whilst the debt review process is still ongoing, your creditors under your credit agreements may not proceed against you for payment of your instalments or repossess any of the assets under the credit agreements such as your house, car or furniture. You may however not incur further credit during this period.
  • You will be required to complete a statutory form at our offices setting out all your financial information. We will verify this information with your creditors.
  • Should we find that you are over-indebted, we will attempt to reach settlement with your creditors on reduced instalments, interest and capital. Should this fail, we will ask the Court to make our proposal an Order of Court. Such Order will reduce instalments and extend the period of your credit agreements.
  • As long as you honour your obligations under the debt review program, your creditors have no recourse against you or your assets.
  • Once your debt has been paid in full, we will issue you with a clearance certificate confirming that your debt review program has been completed and that you are Debt free.
Print

How much does it cost?

  1. The Debt Counsellor may receive the following amounts in respect of consumers who have applied for debt counselling:
  2. An application fee, limited to the amount prescribed in terms of Schedule 2 (2) of the Act, recoverable directly from the consumer upon receiving an application for debt review;
  3. A rejection fee of R300.00 (excluding VAT) in respect of consumers whose applications have Latina Porn been rejected in terms of section 86(7)(a);
  4. A restructuring fee of the lesser of the first instalment of the debt re-arrangement plan or a maximum of R6000.00 (excluding VAT), in respect of a consumer whose applications have been accepted in terms of 86(7) (b) or 86(7) (c). (Should a joint application be required, nude celebs the fee can be increased to a maximum of R6000.00 (excluding VAT).
  5. Should a Debt Counsellor fail to submit proposals to Credit Providers or refer the matter to a Tribunal or a Magistrate Court within 60 business days from date of the debt review application milf porn the Debt Counsellor has to refund toon porn 100% of the fee paid by the consumer (excluding the application fee).
  6. A monthly after-care fee of 5% (excluding VAT) of the monthly instalment of the debt re-arrangement plan up to a maximum of R400.00 (excluding Vat), for a period of 24 months, thereafter reducing to 3% (excluding VAT) of the monthly instalment, to a maximum of R400.00 (excluding VAT), for the remaining period of the debt re-arrangement plan.
  7. Payment of the monthly after-care fee is to commence in the 2nd month after the amount in 1.3.1 above has been paid.
  8. Should the consumer withdraw from the process after completing stages 1.3 above, a fee equal to 75% of the restructuring fee as per 1.3 above is payable by the consumer.
  9. A leg celebrity porn al fee for a consent order of R750.00. The legal fee for the consent order may only be deducted in the 2nd month after the amount in 1.3.1 above has been paid. If the consumer’s affairs cannot be resolved through a consent order, and there are additional costs for further legal processes, these need to be separately negotiated with the client. The Debt Counsellor should be able to produce proforma hentai porn pics invoices issued to them by their lawyers for legal services, when so requested by the NCR.
  10. The applicable fees and related debt counselling services will be set out in an addendum to Form 16, which needs to be explained to the consumer and signed by him/her.

Contact Details

Consolidated Debt Solutions

Co.Reg: 2005/015782/07
VAT Reg: 4480240961
Director: J.E. Juselius


Head Office
Tel: 031 536 1790
Fax: naked celebrities 031 536 1707
This email address is propecia online being protected from spambots. You need JavaScript enabled to view it.

1B Holwood Office Park
5 Canegate Rd
La mobile porn movies Lucia Ridge

P O Box 61152
Bishopsgate, 4008


CDS Ballito
Tel: celeb gossip 087 351 2954
This email address is being protected from spambots. You need JavaScript enabled to view it.

Unit 24
Reys Business Park
Ballito

Click on map to enlarge
MapToBallitoBranch


CDS Toti
Tel: 031 903 2316
This email address is being protected from spambots. You need JavaScript enabled to view it.

Shop 8A
Endee House
Commercial Road
Amamzimtoti 
Opposite Post Office
Follow passage next to Capitec Bank

Head Office (Durban)

Tel: 031 536 1790
Fax: 031 536 1707

This email address is being protected from spambots. You need JavaScript enabled to view it.

1B Holwood Office Park
5 Canegate Rd
La Lucia Ridge

CDS Ballito

Tel: 087 351 2954

This email address is being protected from spambots. You need JavaScript enabled to view it.

Unit 24
Reys Business Park
Ballito