The National Credit Act

Since the release of the National Credit Act in June 2007, the opportunity for consumers to apply for official Debt Counselling has been made available.


Under the National Credit Act, Debt Counselling allows consumers to enjoy the convenience of paying off their debts via a single monthly payment so they are able to better plan how they spend their salaries. NDA are here to enable people to live their lives comfortably without having to worry about the consequences of past debts.

The National Credit Act prescribes Debt Counselling as a legal remedy for over-indebtedness.  NDA take into account all credit agreements that our clients have entered into and look at their credit profiles holistically. Debt Counselling offers immediate protection from creditors who want to take legal action against our clients, so they won’t end up losing their assets.

NDA’s Debt Counsellors are registered with the National Credit Regulator (NCR), meaning that we adhere to the rules and guidelines set out in the National Credit Act, which are specifically designed to protect consumers.

Predatory lenders take advantage of consumers who are in desperate financial situations by lending them credit they are unable to pay back. As a result, they end up barely being able to make ends meet because of excessive interest rates and unrealistic repayment plans. Knowing your rights as a consumer can help you to avoid situations like these, where credit providers take advantage of you via reckless lending.

Your credit provider is required by law to conduct a thorough affordability assessment of your finances before granting you any credit. This assessment measures whether or not you’ll be able to meet your financial obligations under the contract within the specified repayment term. The purpose of this is to ensure that you aren’t at risk of having your home or car repossessed, should you fall into arrears due to changed circumstances.

National Debt Advisors will help you enforce your consumer rights under the National Credit Act to make sure that you keep your assets and that you can afford to maintain a normal standard of living, while you are paying off your debts.