The Impact of Independent Debt Counselling Services in South Africa

Online, February 19, 2014 (Newswire.com) - The debt counselling profession is a relatively new occupation introduced by the National Credit Act in 2007 to provide assistance to the many over-indebted consumer of South Africa. The debt counselling industry in South Africa has seen many changes since early days of 2008.Debt counsellor are communicated with consumers by reviewing their indebtness and advice regarding the restructuring of the consumer's debt in a way that will help them to rise out of the debt trap which they find themselves in. Debt counselling industry provides debt counsellor for counselling so that the consumer can get rid of debt once and for all.

When the consumers are faced with a large amount of debt, it might seem impossible to combine all of your debt and live stress free from debt. Thanks to debt counselling offered by Pay Plan Solutions in South Africa. The benefit of debt counselling for consumer is when you are under debt counsellor your creditor won't be able to apply for credit in South Africa while your name is still on the debt review list. The National Consumer Tribunal ordered the cancellation of both the debt counsellors' registration with immediate effect, that their conduct of providing the NCR with false information is declared prohibited conduct, and that the files are handed over to a new debt counsellor, in respect of the consumers who were under debt review with the debt counsellor.Debt counselling services are useful for sorting out the paper work and all quires related to debt. Debt counselling not looks at the ways to control spiraling debt,but also aims to get to the crux of the problem.

Even though the Pay Plan Solutions saw some fantastic concessions under DCRS (the Debt Counsellors Rules System) which was used by the vast majority of Debt Counsellors to get their clients out of debt. The industry whispers around new codes of conduct and more stringent lending rules seem like predictions of what lies around the corner.
If you have doubts or desire to inquire for quotes, send us an email at [email protected].

Pay Plan Solutions

3 Cutter Close, Blouberg Sands,

Cape town, SA 7441

(021) 554-0708

(086) 162-6859