DEBT REVIEW
Q & A WITH NDA!
Having a Debt Counsellor assess your financial health to see if you qualify for
debt review is a positive first step towards paying back your credit providers and
becoming debt free. But some people are still apprehensive about debt review
and that’s why NDA have compiled an insightful, to-the-point Q & A to clear up
any doubts.
1. I’m worried about debt review fees. Won’t I just rack up more debt?
Debt review fees are regulated by the National Credit Regulator (NCR) to stop unscrupulous
Debt Counsellors from charging consumers excessive rates and tariffs for debt review services.
NDA is an official NCR-registered debt counselling firm. We always ensure our clients can afford
their living expenses, monthly instalments and our fees comfortably, without struggling.
2. Can I take out more credit while I’m under debt review?
Not until you have settled all of your debts and received a clearance certificate. Which is really a
good thing if you think about it! Debt review is an official, proven way of rehabilitating consumers
into the credit market, which means you’ll be able to apply for credit upon completion.
3. Does debt review take forever and a day to complete, as the rumours suggest?
Debt review does involve extending your repayment term. But, it also means that your credit
providers will reduce your monthly instalments and interest rates now. This will allow you to
keep up with your payments and maintain a normal standard of living, instead of barely scraping
by each month.
4. Will my house and car be protected while I’m under debt review?
As soon as we notify your credit providers that you are under debt review, they won’t be able
to take legal action against you. Meaning, your home, car and other valuable assets will be
protected. We hope this clears things up for anyone who is still unsure about entering debt
review. I’m sure you will agree the pros of debt review really do outweigh the cons!
To find out if you qualify for debt review with National Debt Advisors, get in touch at:
http://nationaldebtadvisors.co.za/contact-us/