Carte Blanche on debt administration
27 August 2008
 

On 24 August 2008 Carte Blanche aired a programme depicting the investigation they conducted into the debt administration industry in South Africa.

A transcript of the episode can be found on their website

Merits of new debt counselling process yet to be proved
6 October 2007
 

(Source: Personal Finance)

Only a small number of debt counsellors have registered with the National Credit Regulator so far and it remains to be seen if the negotiation process they use will keep those with too much debt out of the courts.

By Laura du Preez

The National Credit Act (NCA), which became fully effective in June this year, provides for a debt counselling process for people who ... read more...

Debtors pay millions in illegal fees
6 October 2007
 

(Source: Personal Finance)

Some debt administrators are profiteering from debtors' repayments by charging fees that far exceed the legal limits.

By Laura du Preez

Debt administrators are deducting illegal fees that are conservatively estimated at R800 million from repayments made by over-indebted low-income earners.

Low-income earners who are unable to keep up their debt r... read more...