D
Legal
Debt Counselling
A formal debt relief process regulated by the National Credit Act (Section 86). A registered debt counsellor negotiates reduced repayments with your creditors and a court order protects your assets from repossession while you are under debt review.
Usage Examples
"After struggling with five different loan payments, she entered debt counselling to consolidate her repayments."
"Debt counselling reduced his total monthly payments from R8,000 to R4,500."