Expenses Exceeding Your Income
You might be over indebted. The National Credit Act protects you and provides a process for debt to be paid off in an affordable manner, without the worry of creditors taking legal action.
A few easy steps can have you well on your way to regaining control over your finances.
Step 1 - Complete the application form (Form 16)
Step 2 - Your creditors are notified and you are protected from
Step 3 - Your initial debt repayment plan is prepared by your debt
Step 4 - Your debt counsellor negotiate the debt repayment plan
with your creditors.
Step 5 - Application is made for the Debt Repayment plan to be
made a court order.