Many people are feeling the financial pinch in the current economic climate, so don’t feel alone. With the current global economic crisis dominating the financial world, many people, if not all, are feeling under pressure. There is something you can do about your financial position however. There is debt counselling to help you with your debt situation and get you on your way to financial freedom again.

So what, you might ask,

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The National Credit Act (NCA) came into effect in June 2007 and with it came the process of Debt Review or Debt Counselling.

The consumer applies for debt review at the debt counsellor or consultant. The consumer must know the debt review process and the cost that go with Debt Review process. Debt counselling will have an influence on the consumer’s credit rating, but this is temporary while the

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Debt Counselling came into effect on 1 June 2007 with the introduction of the new National Credit Act or NCA.

Debt Counselling was introduced to provide a mechanism for solving the customer’s problem of being over indebt. It also provides a consistent system of debt restructuring, enforcement and judgement, which places priority on the eventual satisfaction of all responsible for the consumer obligations under the credit agreements.

The process of Debt Counselling (also referred to as Debt Review) was developed to offer a way out for

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