HOW SAFE IS MY MONEY UNDER THE DEBT COUNSELLING SYSTEM?

 

No monies are paid to any debt counsellor or any creditor by the consumer or the debt counsellor. The consumer makes payment directly to an accredited payment distribution agency. In our case, the agency is Hyphen Payment Distribution Agency and they are affiliated to First Rand Bank Limited. The distribution agent makes payment of all monies due to the debt counsellor, the attorneys and the creditors. The debt counsellor is unable to access those monies.


In addition, only a person who is registered as a debt counsellor with the National Credit Regulator is entitled to provide debt counselling services. Our debt counsellor, Mr Charles Bertram Reece, is registered with the National Credit Regulator under registration number NCRDC2507.


Your money is safe!


 

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