Becoming a Credit Counselor. Part of the series: Credit Cards & Financial Planning. In order to become a credit counselor, get certified as a credit counseling trainer from the National Foundation of Credit Counseling. Take college classes to become a credit counselor with tips from a financial consultant in this free video on credit cards and personal finance. Read more: http://www.ehow.com/video_4985423_becoming-credit-counselor.html

The Annual Debt Review Awards 2025 was held on October 24th 2025 in Ballito, KZN.

Here are some of the highlights from the day.

For info about the Awards head to: www.debtrviewawards.co.za
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The hard work for any debt counsellor really starts when they kick off the process of negotiating with the creditors, says Rudi Bedeker of DCM.

Consumers have had a tough financial time in recent years. And even as the economy starts to turn the corner in terms of lower inflation and the beginning of lower interest rates, financial pressures still remain, with some households heavily indebted, even having to consider getting help to better deal with their situation.

To unpack how they’re currently viewing the South African consumer and how consumers can navigate some of the existing challenges, I’m joined by Calvin Ndlovu, Executive for Unsecured Recoveries at Nedbank.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

It is vital to know when help is needed if we find ourselves within a Debt Trap and how to Respond, Rebuild & Repay.

Hi,

In this video I discuss debt review in South Africa. Debt review is a legal process that assists over indebted consumers with resolving their debt problems.
Process of debt review is:
To start the process, you would contact a qualified debt counselor, preferably a registered one with the National Credit Regulator. They would assess your financial situation, your income and your debts to determine if you truly are over-indebted. Over indebtedness means that you are not able to afford your obligations every month.
If positive, they would work with you to come up with an effective debt payment plan tailored to you. This includes giving your creditors a payment proposal, and if they accept, you’ll make one monthly payment to the debt counselor. The counselor will then pay your creditors on your behalf. This means that you don’t have to interact with creditors directly anymore.
Advantages of debt review:
1.If you have applied for debt review before any legal action was taken against you, then your assets (the things you own) are safe from repossession.
2. From the moment you are placed under debt review, you no longer need to deal with intimidating debt collectors who continuously harass you. When they call or contact you in any way — just tell them to contact your debt counsellor.
3. Your interest rates on your unsecured debt can be lowered down to as little as 1% — and your repayment terms can be lengthened.
With lower monthly interest rates and longer terms, your monthly repayments on your debt will be less.
4. All your payments will be consolidated into one monthly installment.
5. Your debt is consolidated without an expensive loan.
6. Since you pay less on your monthly debt, you have more money available for your essential living expenses like food, electricity and transport.
7. A good debt counsellor will go through all of your accounts and be able to assess whether you are the victim of reckless lending by your creditors. If this is the case, that debt could be entirely written off.
Disadvantages of debt review:
1. After your initial assessment with a debt counselling company, you may be informed that your current situation does not qualify you to go under debt review.
2. Some of your accounts, especially those which have been subjected to legal action, may be excluded.
3. Your debt may take longer to repay.
4. You may have to give up on a few luxuries in your life, but once you 5. become become debt free, it will undoubtedly be worth it.
5. You will be “flagged” at the credit bureaus — but you will not be “blacklisted”.
6. You will not be able to use any of your retail store cards or credit cards.
You will not be able to apply for new credit.
8. Its important to note that you have to continue to pay as per your agreement.
Process of debt review:
When you contact a reputable debt counsellor you will be given a free debt assessment to determine your level of debt and whether debt counselling is a potential solution for you.

If the assessment determines you are over-indebted and could benefit from debt counselling, you then decide whether to formally apply.

the debt counsellor will do most of the heavy lifting by informing all your creditors and the credit bureaus that you have applied for and are undergoing debt counselling

As part of the process the debt counsellor negotiates reduced monthly payments on all credit agreements that fall under the National Credit Act

Once more affordable repayment terms are negotiated, your rearranged debt is approved at a court or the National Consumer Tribunal to ensure the renegotiated rates are fixed for the duration of the debt counselling.
The magistrate’s court needs to make a finding that you are over-indebted and accept the payment proposal before it can be made a court order. 
This means creditors cannot change the terms or demand higher payments.

You will make one affordable payment each month, which is distributed to creditors included in the debt counselling for the duration of the plan.

Debt counselling usually lasts for between three and five years, depending on the amount of debt, the arrangements the debt counsellor is able to negotiate with creditors and what you can afford to repay each month.

Conclusion: Please do research and make an informed decision. This video is for information only

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Thanks!

Iibhalansi zakho ZINOKWANDA ngeenyanga zakho zokuqala phantsi koqwalaselo lwetyala. SUKOYIKA! Oku kuhambelana nenkqubo kwaye KUYA KUTSHINTSHA.

EMzantsi Afrika ababoneleli ngetyala, iibhanki, abaqokeleli bamatyala kunye nabacebisi ngamatyala abasoloko belungelelaniswa kwezobuchwephesha.

NCEDA uzive ukhululekile ukunxibelelana nathi kule nombolo 021 003 8733, kwiphepha lethu labacebisi ngezeMali kuZwelonke kuFacebook okanye ugcwalise ifom yoqhakamshelwano kwiwebhusayithi yethu ethi www.nationaldebtadvisors.co.za

Hear the story of Ashley and Chantal, a married South African couple who overcame financial struggles through the power of debt counselling. In this video, we share their journey from relationship strain caused by finances to a harmonious and debt-free life.

#Debtcounselling #marriageadvice #relationshipstruggles #financialtransformation #debtmanagement #loveandfinance #debt-freejourney #relationshipcounselling #financialsuccess #overcomingdebt #couplegoals #counsellingimpact #debtrelief #buildingastrongermarriage #debtcounsellingbenefits #marriedinCOP #marriedincommunityofproperty

In this video I share the truth about Debt settlement and the power of debt consolidation and how it can be used to hide credit card utilization, boost credit scores, save money on interests and get out of debt sooner.

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DISCLAIMER: I am not a financial advisor and the opinions in this video are my own. This video is for entertainment and educational purposes only, it is not financial advice. You must do your own research and should talk to professionals before making any financial decisions for yourself.

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