Short answer:
The costs of debt review are strictly regulated by the National Credit Regulator (NCR) to ensure they are fair, transparent, and affordable. These fees are designed to support the debt review process while helping you regain control of your finances.
How Fees Are Paid
When you enter debt review, all fees are included in your restructured repayment plan. This means:
• You do not pay fees separately
• Fees are part of your single, reduced monthly instalment
• You get clear, upfront transparency about all costs
NCR-Regulated Fees
All NCR-registered debt counsellors are authorised to charge the following regulated fees:
Application Fee
• A one-time fee of R350 (excl. VAT)
• Covers the initial assessment and processing of your debt review application
Restructuring Fee
• Equal to your first month’s debt review instalment
• Capped at R8,000 (excl. VAT) for individual applications
• Capped at R9,000 (excl. VAT) for joint applications
Monthly After-Care Fee
• 5% of your restructured monthly debt repayment (excl. VAT)
• Capped at R450 (excl. VAT) per month
• Covers ongoing support and monitoring throughout your debt review journey
Why Transparency Matters
Before you commit to debt review, your debt counsellor will provide a full breakdown of all costs and explain how they are incorporated into your repayment plan. This ensures:
• You understand exactly what you are paying
• There are no hidden fees
• You can plan your budget confidently during debt review
Take the First Step
If you’re considering debt review and want a clear understanding of your costs, contact us today for a free, no-obligation debt review assessment.
• Learn how your repayment plan can include your fees
• Find out if you qualify for debt review
• Start your journey to becoming debt-free
