Updating of a Consumer’s Debt Review Status once the Debt Review withdrawal judicial process is complete
Prior to the National Credit Regulator’s Circular 9 of 2025 the National Credit Regulator (NCR) attended to the updating of the consumer’s debt review status as held on the NCR’s database. It is necessary that the NCR’s system is updated once the debt review process has been set aside by the judicial process or a […]
The effect of Rougier v Nedbank on the cancellation of debt review
The National Credit Act 34 of 2005 essentially gives a consumer the right to apply to a debt counsellor for debt review if he is of the opinion that he is over-indebted. This right is entrenched in section 86(1) and gives a consumer an opportunity for debt rearrangement. The aforesaid cannot be deprived or limited […]