FEE STRUCTURE
2010 Fee Structure for all Government approved Debt Counsellors in South Africa.
These fees are subject to change according to current legislation by the National Credit Regulator.
1. Application Fee: R50 + VAT + any bank charges + R15 credit report.
(Bank transfer: R72)
(Cash deposit: R87)
This is for your initial assessment and placing you under the Debt Review program.
2. Initial Fee -- this Fee is included in your first monthly payment.
3. Ongoing Fees - these are also built into the monthly payments, so there are NO additional charges over and above the restructured and reduced monthly payment that has negotiated for you.
The built in fees:
5% + VAT of monthly payments to the Central Distribution Agency will be charged to a maximum of R300. After the second year this fee is reduced to 3%.
Cancellation Fee
In the event that you wish to withdraw from the debt counselling process after we have completed the debt restructuring negotiations, a fee equal to 75% of the restructuring fee is applicable.
Rejection Fee
A rejection fee of R300.00 is applicable if your applications have been rejected in terms of section 86(7) (a);
Act now by submitting your application for an initial review of your situation - Click here to submit your details.
FEES AS SPECIFIED BY THE NATIONAL CREDIT REGULATOR
Click on the below link to se further information on debt counselling fees.
NCR's document ''Understanding debt counselling and its fees''
Company Registration No.2005/001817/07.
