
ONLINE DEBT REVIEW ASSESSMENT
Debt review is a formal process instituted by the National Credit Act (No 34 of 2005) and regulated by the National Credit Regulator. Only a debt counsellor that is registered with the National Credit Regulator can perform debt counselling services via debt review. In addition, such a counsellor may only take on clients where it is foreseeable that the debt can be effectively cleared within a reasonable period.
Debt counselling, or debt review, is sometimes incorrectly referred to as credit counselling, debt consolidation or debt management. The term credit counselling is often used by individuals who want assistance to better manage credit and credit card debt. The debt counselling process will better equip you to manage your personal finances.