Clients who are unable to meet their financial commitments may apply to a registered debt counselor for a proposed resolution. If a debt counselor finds that you are over indebted a proposal can be made to your credit providers, should they disagree with the proposal, the matter may be heard by the magistrate's court who may restructure your debt repayments to make them more manageable.
A list of registered debt counselors is available from the National Credit Regulator's office on 0860 627 627 or at www.ncr.org.za.
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