Debtfree Issue September 2022 DebtBusters Special Edition
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Debt counselling is a process that typically lasts between three and<br />
five years. A good debt counsellor should not only help to restructure<br />
your debt but guide and support you through the entire journey.<br />
Deciding you need help to manage your debt is an important and<br />
potentially life-altering decision. After all, you’re putting your financial<br />
future in someone else’s hands. That’s why finding the best debt<br />
counsellor for you is critical.<br />
It’s recommended that consumers consider the following when they<br />
are trying to select a debt counsellor:<br />
Are they registered with the National Credit Regulator?<br />
All debt counsellors must be registered with the National<br />
Credit Regulator. You can verify a debt counsellor’s details on<br />
the National Credit Regulator website.<br />
Do they belong to a professional association?<br />
Check if the debt counsellor belongs to a professional body<br />
or association which ensures its members adhere to industry<br />
standards. Often the membership is displayed on the debt<br />
counsellor’s website.<br />
Industry associations exist to improve the standards of service.<br />
It is critical that consumers check if the debt counsellor is<br />
part of an industry association – this provides an extra layer of<br />
protection for the consumer.