Important information regarding your application process.
Although the National Credit Act allows protection when your application is received there are three important facts you have to remember.
- Debit Orders
The Act states very clearly that all your credit providers MUST stop all debit orders that they
have on your account. The fact is that they don’t bother, leaving you with a “double payment “when you have paid your PDA account as well. This “grabbing” of funds by the credit providers is in direct violation with the Act as the said credit provider gives himself an advantage above others. The Act states that all creditors will enjoy equal benefits and rights. Although the money drawn from your account can be reversed we advise that you open another account (with a bank where you don’t have credit) to avoid this hassle.
- Final notices (Section 129)
According to the Act a credit provider can only refuse to accept your application if a Section 129notice (final notice) have been delivered and the time mentioned in that noticed has lapsed. As we do in our application form, we urge all applicants to be very honest in providing info on these notices. Should there be a 129 notice that has lapsed that account will not be included in your application and subsequently the asset attached to that account will be repossessed.
Please take note of this as we cannot be held liable for advising and informing you on your favorable application when this fact is being withheld from us.
- Calls from creditors
Once you have applied for debt review and your details have been submitted to the NCR all creditors will receive notice that your application was made. As a result you will most likely start receiving calls from your credit providers stating you have to pay immediately to avoid legal action. THIS IS HARRASMENT AND EMPTY THREATS AND MUST BE IGNORED!.
The reason for the sudden calls is from the COLECTIONS DEPARTMENT and NOT form the Debt review department. Part of the salary structure of collection agents is based on commission the earn as a result of money that they collect from you! NEVER will the debt review department phone you and all other calls from creditors should be referred to us
These calls from creditors immediately puts us as your debt counselor in a bad light and creates distrust between you and us.
Should you have any further questions or comments please email us at