Debt counselling explained
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What is debt counselling?
- Debt counselling is one of the available debt relief measures in South Africa provided for in the National Credit Act.
- This process is intended to assist over-indebted consumers struggling with debt, through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.
This is thanks to the Youth Employment Accord, which was recently signed by government, labour, business and youth formations.