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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.