May 3, 2019 | News, Uncategorized
Justin van der Linde will be representing the National Clothing Retail Federation (NCRF) in an annual review sub-committee, which aims to provide procedural and legal solutions for the annual review of debt arrangements and court orders by the debt counsellor. We...
May 3, 2019 | News, Uncategorized
The Department of Trade & Industry (DTI) is currently holding public hearings in order to ascertain if the Bill is in line with the Constitution – this in an effort to ascertain the possible impact. Genesis Analytics has been tasked to independently assess...
May 3, 2019 | News, Uncategorized
A Directive was issued in February 2019 to make provision for a full court to sit to hear and determine two (2) debt review court applications to be declared not over-indebted and to clarify the position and practices pertaining to similar applications. A further...
May 3, 2019 | News, Uncategorized
Consumer Friend noticed that a number of debt counsellors exclude certain credit agreements from the debt review process. After extensive investigations, we approached the transgressing debt counsellors to ascertain their reasoning behind this. A number of reasons...
May 3, 2019 | News, Uncategorized
The Industry has struggled with the number of court Orders that are granted but do not include the necessary information in order to effectively restructure a consumer’s account. As a result, CIF convened in order to agree on a standardised version of a debt...
May 3, 2019 | News, Uncategorized
The Act states that a debt counsellor must conduct a reckless credit investigation should the consumer wish to pursue reckless credit against a credit provider. Seeing as this is most likely “recommended” by the debt counsellor when a consumer approaches...
