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HWD © Curabitur felis erat. Made by Stefan Fourie. Hulp in Afrikaans | Help in English
Frequently Asked Questions
How do I apply for debt counselling?
You apply for debt counselling by completing
a an application form. The form name is a Form 16. we need to speak to you about
the procedure and fees before you complete the form 16, we will check it for errors.
Thereafter you can print, sign and fax it to us together with you supporting documents.
How
long does it take to apply for debt counselling?
The application process is fast.
We have a very experience back team that will process your application as soon as
we receive your form 16 plus supporting documents. We will notify all your creditors
with a 17.1 Notice. This takes 2-5 days, normally shorter. As soon as all your creditors
have been informed, your are protected from creditors. Please go to the Debt Counselling
Process for more info.
How will debt counselling influence my credit score?
We need
to notify the National Credit Regulator that you have applied for Debt Counselling.
The NCR will then notify all credit bureaus that you are in debt counselling. When
someone does a credit check on your profile, they will see that you are in debt counselling
and they may not give you credit. But when opt out of debt counselling, the note
will be removed from your credit file.
How will debt counselling influence my ability
to apply for credit in the future?
When you have taken control over your debt or paid
off all your debt, you will apply to exit debt counselling. You complete a form 17.4
and in 10 working days you will be removed from debt counselling. All credit bureaus
will remove the note on your file. You are free to take out new debt. We don’t know
if the credit providers will keep it on file that you were in debt counselling, nor
do we know if they will penalize you. Debt counselling is still to new to know that,
but remember that you have repaid all your debt to the creditor so they should not
penalize you.
How much will the debt counselling cost?
Please go to the Debt Counselling
Fees page for info.