Debt Counselling
The sections of the National Credit Act No. 34 of 2005 relevant to over-indebtedness and restructuring of debt come into effect on 1 June 2007. The Act makes provision for the registration of debt-counsellors to assist over-indebted consumers. Debt counsellors are required to undergo training approved by the NCR.
From 1 June 2007, debt counselling services will be available to consumers who are unable to honour in a timely manner, all credit agreements to which they are party, as indicated by the their history of debt repayment.
For further information refer to the  relevant sections of the Act
For further information, refer to the relevant sections of the Regulations
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