Being in debt, being in debt.#Being #in #debt


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Being in debt

RD Debt Counsellors

We are Debt Counsellors. We are registered with the NCR (National Credit Regulator) in terms of the National Credit Act 34 of 2005. We assist Clients to reschedule and reduce their existing debt including any arrears to a more manageable monthly amount which is paid in a single payment to a PDA (Payment Distribution Agency) which distributes it to the Credit Providers (Banks, Retail Stores, micro lenders and others). We also get a court order for the new amount to be paid which legally protects the clients.

Being in debt

Russell Dickerson is on the NEC (National Executive Committee) of DCASA (Debt Counsellors Association of South Africa) and has been since 2012. He is also the Chairman of the Gauteng branch of DCASA, and has represented DCASA at many industry meetings where large banks and other credit providers are present. He is passionate about the rights of people in debt especially those who are abused by the system and to this end stays up to date with changes in the law and industry developments.

Our Services

Debt Counselling

We reschedule and reduce your debt repayments to credit providers as provided for in the National Credit Act.

Corporate financial services

We offer advice regarding staff financial health and particularly if you are retrenching or placing staff on short-time.

Clear Credit Records

Obtain Credit Status and assist to clear credit records so that you can obtain Credit again.

Debt Advice

Free advice on any debt problems.


to consult with you by filling in the form

How to get started

Provide all your financial details

You provide the Debt Counsellor with all income details, all debt and all monthly expenses.


Your information is used to assess your situation and determine if you are over-indebted or not.

Financial Calculation

Your Credit Providers and the Credit Bureaus are contacted and provide all account details and balances. A repayment plan is worked out and submitted to your Credit Providers.


A court order is then obtained which confirms the payment amount and how much each creditor will get. Your Credit Providers cannot commence with any legal action unless you miss payments.

Payment to completion

You will make a single monthly payment for all your debt from the first payday after you apply for Debt Review. This will continue until your debt has been repaid in full. You can then request a clearance certificate and carry on with your life.


Being in debt

I want to thank you and your team for your support while Amanda and I was under rehabilitation. We feel so relieved that it is all over and never thought that we will see the day that we are cleared. Once again many thanks and may you enjoy a wonderful festive season.

Being in debt

Thank you so much again for everything, answering any queries I have had and your pleasant nature!! The fact that you have really been so helpful and empathetic! Words can t describe my gratitude! Thanks again for everything and have an amazing day further.

How do I know if I qualify for debt counselling?

  • You are struggling to pay your monthly debt on time.
  • After you have paid your debt, or your debit orders have gone off, you do not have enough for your living expenses like food, petrol to get to work, school fees etc.
  • If you do not have any income, not even pension, maintenance, commission, own business income etc. then unfortunately you cannot apply.

What are the benefits of Debt Counselling?

  • No additional charges to consider – Debt Counselling fees are included in your monthly repayment.
  • One monthly payment for all your debt.
  • The National Credit Act protects you from being blacklisted unless you are listed when you apply.
  • No need for further financial stress.
  • Credit providers cannot start legal action once your Debt Counselling has started.
  • Your Debt Counselling starts when you have supplied all the info needed and signed the documents.

What is the job of the Debt Counsellor?

Debt Counselling was established when the National Credit Act 34 of 2005 was introduced and debt counselling started in mid 2007. The Debt Counsellor’s function is to assist debtors who cannot repay all their debts at the end of any given month, or who are likely to experience problems in the near future. Debt Counsellors negotiate with your creditors and work out a repayment plan for your specific debts and then refer the matter to court. The idea is that all your debt is repaid in a reasonable period and you are then debt free.

Do I have to attend an interview?

No you don’t – if you live near Benoni, then I always prefer to sit down with clients, but if you prefer not to, or can’t, then we can use a number of methods, either by telephone or e-mail, or fax, or a combination of all of them. We need to get the information correct in the shortest time, and often we book a call when you are available and near a landline where you can have all your info with you, and we do the process in one session. If there are any other requirements, we get those later. There is some documentation that requires original signatures.

How long does the application process take?

The application process can be quick if you have all your information, and send the signed application back quickly, or sign at our offices. Our back office team is experienced and capable, and get your application loaded and the 17.1 (notification to creditors) out within a few days. You are then protected.

How long will it take to repay my debt?

The time taken to repay your debts depends on the type and amount of the debt. If you have cars and houses included in your debt then it will take longer to repay than if you have a few loans a credit card and a few clothing accounts. Also dependent on how much you can afford to pay every month.

Will I be blacklisted?

The National Credit Act protects you from being blacklisted while you are under debt review. If you were already listed before applying, then that will not go away. While you are still under debt review, the Credit Bureau will reflect this, but will be removed when you have paid off your debt.

How do I know when I need Debt Counselling?

If you are not able to make your monthly payments, your bills are piling up and you don’t have enough money left to live on, then you will benefit from seeing a Debt Counsellor.

DON’T LEAVE IT TOO LONG – if your creditors start with legal action like issuing a summons, then they are allowed to refuse Debt Counselling and continue with their legal action. We obviously try to negotiate with them, but they have the final say.

If I have lost my job can I apply?

The Law requires that you have an income. It can be pension, commission, policy payout, or if you are married, you can apply on your spouses income, but you have to have some income, and be able to repay a reasonable amount every month.

I have my own business can I apply?

Yes you can, we understand that people in their own businesses who are struggling have a problem with regular income. We then assess your income over about a 6 month period to determine your income.

There is a legal technicality here! If the debt is in the name of the business, eg the CC or (PTY) Ltd, then it can’t be included. Only debt in your own name or your spouses name can be included. If you are a sole trader, then all debt can normally be included.

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