CCS Debt Solutions: Home Things To Know Before You Buy

You don't need to part with any personal details to take the evaluation."We will assist you to lastly become financial obligation totally free by negotiating with financial institutions to freeze the interest on your provable unsecured financial obligations," states one website. On most of these websites, there is no mention of "financial obligation counselling" and you will find no NCR registration number (a number preceded by the letters NCRDC) for any financial obligation counsellor.

Before engaging with a debt counsellor, you should request their NCRDC number and inspect the regulator's site ( under NCR Departments) to see if the financial obligation counsellor is in fact registered or if their registration has been cancelled by the National Customer Tribunal (NCT) for some or other misbehaviours.

If someone who is not signed up charges you a cost to position you in debt counselling this is fraud and you ought to lodge a grievance with the NCR, the NCT and the police. Be extremely mindful of offers of financial obligation relief. Related Source Here is a system presented in the most recent modification to the National Credit Act.

Even if you meet the requirements to apply for financial obligation relief, the beginning date has yet to be revealed. When it does begin, you will not necessarily have your debts snuffed out or suspended. Instead, you might be placed in a form of financial obligation evaluation administered by the regulator. Trudie Broekmann, a lawyer specialising in customer law, says any company promising services that are most likely to be difficult to provide such as getting debts written off and stopping creditors from chasing you is breaking the law."This type of deceptive marketing is prohibited by the Consumer Defense Act (CERTIFIED PUBLIC ACCOUNTANT) in a minimum of four different areas of the act.