Your debt counsellor will work out how much of your income should be set aside for basic living expenses, and what you can afford to pay towards your debts each month. Then they will draw up a new, more affordable repayment plan for you.
Next, they will negotiate with your creditors to extend the amount of time you have to repay your debts and to have your payments reduced, so you can realistically afford them.
If all of your creditors agree to the repayment proposal, your debt counsellor will then get a consent order from the magistrate’s court or National Consumer Tribunal (NCT). Thereafter, you will be officially under debt counselling.
All of NDA’s professional debt counsellors are highly qualified and registered with the National Credit Regulator (NCR). So you can rest assured that you will be receiving the best service possible.