Towards the end of 2020, after deliberations with various related stakeholders, the NCR issued a circular developed by the CIF with proposed operational solutions to standardize debt review court orders. It further addresses the inability of debt counsellors to comply...
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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...
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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...