The National Credit Regulator (NCR) has a vital function to perform. They were established by the National Credit Act (the Act) They are tasked with ensuring that the various rules, regulations of 2005 and are responsible for the regulation of credit in South Africa.Continue reading “The job of the National Credit Regulator in South Africa”
FNB is the latest bank to release news that they will be offering payment relief to clients during the #coronavirus crisis.
Clients who bank with FNB and whose accounts are in good standing will qualify. The bank will be offering three months (April, May and June 2020) of reduced or zero payments. The decision will be made based on each individual client.Continue reading “FNB offers Payment Relief amidst Coronavirus Crisis”
The UIF has released a plan of action on the process to be taken for applying for benefits during the #coronavirus crisis. It is a pdf and downloadable below.
Please read our lead article to see a detailed write-up and to access the downloadable forms.
SA Home Loans has put plans in place to offer assistance to consumers receiving “no pay” during the #coronavirus lockdown. Consumers affected will be able to avail themselves of this offer from April 2020 as all consumers should still be able to make full payment in March 2020.Continue reading “SA Home Loans – Arrangements for Debt Review clients”
ABSA Bank announced that it will be offering affected clients a special payment relief program during the #Coronoavirus Crisis.
This relief will be available to all clients; Personal, Business and Corporates will be able to avail themselves of the offer.Continue reading “ABSA announces payment relief program for clients”
You have probably already heard that Standard Bank has extended a payment holiday to its small business clients and students. You might have wondered whether this offer will be made to their personal accounts as well?
Standard Bank has also now extended that payment holiday to certain categories of personal accounts.Continue reading “Standard Bank personal account payment holiday”
With the #Coronovirus crisis doing the rounds, Government has issued new regulations to deal with it. One requirement is that all web sites ending with a .za domain must link to the Department of Health Coronavirus portal. The Gazette is available for download below.Continue reading “Business Owners – Do you have a .za Domain”
We are constantly receiving queries from consumers under debt review asking if they can skip paying their debt review during this lockdown. This post is to try and highlight some of the aspects and to allow consumers to make an educated decision.
There is NO blanket payment holidayContinue reading “Paying your Debt Review during the Lockdown”
Going into the lockdown, there has been a lot of uncertainty. What has been certain though is that there are industries and stores that will be allowed to stay open, these are the Essential Services.Continue reading “Permit for Workers in Essential Services”
Debt Review is a process governed by the laws of South Africa, specifically, the National Credit Act 34 of 2005.
Your Debt Counsellor has no power to “allow” you to reduce or not pay your installment. Even with the current crisis. You MUST continue to pay your installment in order to retain the protection of the Debt Review.Continue reading “Maintaining Payment of Debt Review installments during the Coronavirus Crisis”