In 2007, the National Credit Act (NCA) ushered in debt review as a critical resource for South African consumers burdened by overwhelming debt. Its purpose? To shield individuals from detrimental outcomes like blacklisting, asset forfeiture, or involuntary administration, which can have far-reaching, adverse consequences. This dynamic…
Debt review, often referred to as debt counseling, is a financial solution designed to assist South African consumers struggling with overwhelming debt. In this guide, we will take you through the intricacies of the debt review process, shedding light on its history, eligibility criteria, and the…