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Debtfree South Africa’s debt counselling magazine

November 2011

NCR accredited payment distribution agency


Editors notes






The danger zone


Striking a balance


Debtwise tutorial


Case to watch Service Directory

EDITOR Welcome to the Special DCI Edition of Debtfree DIGI. If you have signed up with theDCI then you will be happy to know that part of the package is a Special Edition of Debtfree DIGI just for you each month. The good news is it costs you nothing and will have some extra tasty DCI info each month.

might be that of many South Africans - to get out of debt. Well, we hope you are getting there. Sometimes it can feel like it is a long and arduous road filled with a million things trying to drag you down and derail your best efforts. Well keep at it. All your hard work will pan out in the end. Be sure to read the welcome to the danger zone article with some plain talking advice about end of year spending. We also focus in on the DCI this issue: Who are they and what can they do for you? If you have not heard of them be sure to check them out as they are here to stay and are determined to help you regardless of whether you are a consumer or a DC or CP or PDA (or any other letters like that). We have the usual round up of industry news from the last few days for you as well and some interesting industry stories. Our favorite story is one about www.debtfreedigi. We are so happy with our new look for our site that we can’t help but talk about it. We are just glad that you can visit our permanent home anytime you like. As normal you will still be able to find the magazine online at all the usual spots so if you have been reading it at one of these locations keep doing so but...if you are jonesing for a little bit o’ Debtfree goodness, why not head over to our site and see what’s up? We will try keep the site up to date with fresh content and all the latest news or maybe just some gossip... who knows?

Can you believe that we are in November? I We hope you enjoy this issue can’t. This year has really flown by for all of us. Maybe you, like me, were just busy working (or out looking for work) and time somehow just slipped by. That’s life I guess. Well, hopefully another year going by means you are one year closer to accomplishing your goals. Your goal

An Alternative Solution

Designed for Debt Counsellors Clients This product was specifically designed by SAinDebt Solutions to assist homeowners (new or existing clients) that: - Are under debt review but cannot adhere to the strict repayment schedule, or have defaulted on the scheduled payments. - Do not qualify for debt review. Who can we help? * Clients that own property that has a residual value, i.e. market value less the outstanding bond. (see residual value calculation at Note: No credit is created. “The Alternative Solution” was presented to the NCR. How do we help? * SAinDebt enters into a joint venture with the distressed homeowner to sell the property. * SAinDebt provides the funds to stop the legal action (if any), pay off arrears and/or other creditors. * Cash advances can also be provided to the client. * We buy time for the client to achieve a realistic value for his house, at NO upfront cost. What are the benefits for Debt Counsellors? * Debt Counsellors can provide clients with an “Alternative Solution”. * The counsellor earns a referral fee. Does your client qualify and what does it cost? Go to now or contact us during office hours for an upfront no-cost quotation and more information. Wirie Rust 082 552 8835 / Carin Papenfus 072 616 1099 * we currently serve Gauteng and surrounding areas only. Only exceptional cases in other areas will be considered. We have assisted many distressed home owners to date, who are now in a far better position than they were before.

Westcliff House, 54 The Valley Rd c/o Jan Smuts, Westcliff, Johannesburg. PO Box 3051 Northriding, 2162 Tel: 011 215 0039 (direct) 011 215 000 (switchboard) 072 616 1099 (company cell) 086 274 6862 (fax( SAinDebt Solutions (Pty) Ltd. Reg. No. 2007/023854/07 E-mail / Website



NEWS FLASH REPO RATE UNCHANGED AT 5.5% The Reserve Bank left the repo rate unchanged at 5.5 percent this month as expected. Most economists were expecting the rate to hold steady. Had there been an unlikely 50 basis point cut to 5.0 percent, this would have been a new all-time low. The Bank’s monetary policy committee think that underlying inflation pressures are of a “cost push nature” and that the subdued state of domestic demand and output would contribute to “core inflation remaining contained”, Governor Gill Marcus told a media briefing. “However the Committee is concerned that the change in the profile of the inflation forecasts, and the extended breach of the upper end of the inflation target range, may impact adversely on inflation expectations,” she said. Food prices continued to increase and a further acceleration of food inflation was expected in the near term. There was also mention made of the situation in Europe and how that may negatively effect SA Markets. The Reserve Bank has slashed rates by a cumulative 650 basis points in the two years leading up to Nov 2010, but has kept it steady at all six of it’s last policy meetings this year. Reportedly no one on the seven-member MPC had advocated a cut, though it was extensively discussed. It looks as if rates are to stay at three-decade lows for longer in view of gloomy forecasts of times to come. “The domestic economic recovery remains hesitant. The relatively weak economy has ensured that demand pressures on inflation are restrained at this stage,” Marcus said.

NCR CEO? The latest news on the appointment of a new National Credit Regulator ended when the Parliamentary Committee recently declining the applicant that was presented to them. So now it is back to the drawing board. The candidate is set forward by the NCR board and a “new” Board has been appointed. The Members of the new NCR Board are: Mr Trevor Albert Bailey, Ms Mercy Kenosi Mongalo, Mr JD Pema, Ms Constance Glerah Nxumalo, Mr Mmatli Barnabas Ntlou, McDonald Netshitenzhe (DTI designate) They have been appointed members of the NCR Board for a period of five (5) years. One of their first tasks is to find a new candidate to present to the Parliamentary Committee to consider. Let’s hope this is done soon, as it seems the NCR is in the doldrums waiting for this appointment before many important steps can be made to improve things for the industry.

ALLPRO DC ANNOUNCE NEW BRANCH The Alliance of Professional Debt Counsellors have announced the formation of a new branch in the Eastern Cape. New members were elected at the meeting held and include Raynard McLaren as the Regional Chairperson. Other appointments were also made, including Judy Fouche as Secretary. ALLPRODC is a new association for Debt Counsellors. Many but not all DC’s currently belong to the long running Debt Counselling Association of South Africa. The New association has been traveling

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NEWS CONTINUED country wide in an effort to get DC’s to work closely together. They have also been trying to get DC’s to contribute to possible changes to the National Credit Act. Many DC’s do not belong to an association even though the NCR encourage this and may even include this as a requirement in a Debt Counsellor’s conditions of registration. AllProDC are hoping to gain support from these unaffiliated DC’s as well as those who are unsatisfied elsewhere. The next hurdle is for them to gain access to the various bodies and committees that influence the industry. These would include bodies like DRAC. Representatives of AllProDC have already met with the NCR and an official letter of introduction handed to the regulatory body.

DCASA FEEDBACK ON COMPLAINTS PROCESS DCASA (a debt counselling association) provide a free service for consumers to lodge complaints against DC’s. DCASA carry the cost of this process. DCASA provides this service to assist Consumers who have applied for Debt Review and to resolve as far as possible all complaints. Where no co-operation is received or where the matter cannot be resolved the matter is referred to the Credit Ombud and/ or NCR. The overall benefit of this service is the improvement of the Debt Counselling profession and industry. Generally good cooperation is received from parties involved. At present there are about 50 matters being processed through DCASA each month. Which is not bad considering the number of consumers under debt review. DC conduct can JOHANNESBURG MEETING OF ALLIANCE OF be regulated by their consenting to a code of PROFESSIONAL DEBT COUNSELLORS conduct. To date 690 DC’s have signed a Code AllProDC have announced the date of the next of Conduct (although the service is available meeting in Johannesburg. The meeting will to clients of all DC’s at present not just those be aimed at introducing Debt Counsellors to a who have signed the code.) Where DC’s do new association for Debt Counsellors. not want to co-operate the matter is referred DATE: 17 NOVEMBER 2011 (THURSDAY) to the Credit Ombud and/or NCR with details TIME: 9H00 – 12H00 of the DC and case notes for action. These VENUE: ALBERTON CIVIC CENTRE, ALWYN bodies will then investigate. If you would like TALJAARD STREET, ALBERTON to register a complaint against a DC through COSTS: ANY CONTRIBUTION TOWARDS TEA this free service then head over to DCASA’s AND COFFEE website for more info: Please They have said: “You do not have to become note to lodge a complaint against a Creditor a member to attend the meeting we would please visit: however like to encourage you to attend and see what we are about! We look forward to meeting you.”

WWW.DEBTFREEDIGI.CO.ZA Why not visit our website at www.debtfreedigi. It features all the latest news... go on... click it... you know you want to.

ABSA ANNOUNCE NEW NATIONAL MANAGER FOR DEBT REVIEW ABSA have announced that Grace Nkomo has been appointed to the role of National Manager, Stakeholder Management with effect from the 31 October 2011. Grace will be replacing Pascal Sinclair, who is now “ pursuing opportunities outside of Absa.” Grace has been part of ABSA’s Collections Customer Management team since February 2010 and is described as having a wealth of experience in the banking sector with particular focus on relationship management and customer value management. The difference between collections and debt review are obviously great however Grace is reportedly looking forward to improved relationships and building rapport with various stakeholders especially DC’s and Payment Distribution Agencies. Debtfree DIGI will be interviewing Grace for the next issue. We wish her all the best.

PRESS COUNCIL RULE ON COMPLAINT BY PETER SETOU AGAINST THE SUNDAY INDEPENDENT The Press ombud has ruled against Mr Setou who claims that the story about the alleged corruption and investigation are false and misleading. The report is long so we have only taken excepts therefrom. This ruling is based on the written submissions of attorneys De Swardt Vögel Myambo, for Mr P. Setou, and the Sunday Independent newspaper.

Complaint: Mr Peter Setou complains about a story in the Sunday Independent, published on August 21, 2011 and headlined Hawks investigate complaints – Allegations of a conflict of interest and corruption against Credit Ombudsman. Setou complains that the newspaper: did not contact him for his comment; and used a wrong document that falsely alleges that he had an inappropriate relationship with Rudo Consulting. Analysis: The story, written by Gcwalisile Khanyile, is about complaints by debt counsellor Reginald Nyiko Matjokana against Credit Ombudsman Manie (misspelt in the story – “Mannie”) van Schalkwyk (for conflict of interest), former National Credit Regulator (NCR) CEO Gabriel Davel (for maladministration) and senior manager of education and strategy Peter Setou (for corruption). The story says that Matjokana lodged these complaints with the Public Protector and the Hawks. Khanyile writes that Setou was being investigated by the Hawks. The complaint with the Public Protector is reportedly about Setou’s relationship with Rudo Consulting (RC), an independent consulting firm with expertise in debt counselling (who was to assist the NCR with monitoring and providing support to debt counsellors). We shall now look at the merits of the complaint: Not contacted for comment. The story says that Setou was “unavailable for comment”, implying that it tried to contact him. Setou complains that the Sunday Independent did not ask him for comment prior to publication. He adds that the newspaper nevertheless proceeded to publish the story – resulting in creating the impression that there was some wrongdoing on his part. His lawyer writes: “The irresponsible manner in which this story was researched and published has tarnished

our client’s reputation.” The newspaper denies this, saying that”... our reporter... then sent him sms notices on his cellphone...” in order to elicit a response from him. I asked the newspaper for copies of these sms notices. This is what the newspaper sent me: Dear Mr. Setou, I’ve been trying to get hold of you, but your phone is still on voicemail. We are doing a story about corruption allegations against you relating to Rudo Consulting, DSG (Digital Solutions Group) and Feasibility. The Hawks and the public Protector are already investigating you. 1. Why did you record the incorrect figure when you recommended the appointment of Rudo Consulting? 2. Was your intention to deceive other Expo members? 3. You also recorded an incorrect figure on your recommendation for an appointment of DSG, saying the cost was below R100 000 when it was actually more. Why did you do it? 4. Did you have any hidden agenda when you did this? (Please explain). We would appreciate any other comment or additional information related to this matter as we intend to publish the matter we understand to be true. Our deadline is: Saturday, August 20 2011 @ 17:H00. Kind regards, Gcwalisile Khanyile. The report also contains a second sms... ”there are no dates to these messages. However, the journalist sent these to me seconds after we have spoken on the phone – which makes it unlikely if not impossible that she has made them up afterwards. I have checked that the number that the journalist said she used was the right one. It was indeed. Also, there is no apparent reason why the journalist would purposefully send these messages to a wrong number. Therefore, I believe that I have enough evidence to accept that the newspaper tried to contact Setou. Wrong document; False allegation. The sentence in dispute says: “Setou

allegedly manipulated various contracts to favour Rudo Consulting.” The issues at stake are: Did the newspaper use the correct document? If it did not, how reasonable was it for the newspaper to use that document? Was the newspaper’s reportage, based on a right or wrong document, reasonable and fair? Another document that the newspaper provided me with now features – the NCR one, dated 25 August 2011. In this memorandum to Setou, the NCR informs him that he was required to attend a disciplinary enquiry/hearing into several allegations of misconduct against him. These allegations range from preferential treatment of suppliers, fraud and failure to disclose his relationship with a service provider, to breach of the provisions of his special leave. He is also told that, if he was found guilty of any of these charges, he would be dismissed. I note that the story was published on August 21 ...The story says that there was an allegation that Setou manipulated contracts to favour RC – and it is true that there was such an allegation. (This has nothing to do with the question whether Setou was guilty or not.) This means that the newspaper was justified in its reportage on this matter, irrespective of the legitimacy of the document in question. Also, the Sunday Independent did not portray Setou as guilty (regarding his argument of being innocent until found guilty). The story says that he was being “investigated” for “allegedly” manipulating contracts. This is a far cry from being portrayed as guilty. Finding: The complaint is dismissed in its entirety. Johan Retief, Deputy Press Ombudsman

more news at



In an industry full of acronyms you may wonder if there is space for one more? Aren’t we bogged down by the NCA, NCR, DCASA, PDASA, APDC, DRAC, DCRS and that is just to name a few. You might be wondering who and what theDCI is. DCI stands for the Debt Counselling Industry. The brain child of founder Deborah Solomon theDCI hopes to fill the gap between all parties involved in the debt review process. Debtfree DIGI got to chat to Deborah and see what all the hype is about. What is theDCI? theDCI is a communication platform that aims to deliver a host of value added services that the industry would benefit from. It has been built specifically, to address the difficulties that debt counsellors face in their daily practice. Whether your practice is big or small, all the services and offerings are designed, negotiated and delivered in a manner that is beneficial to all within the industry. Are you some sort of association? No. What can theDCI do for Debt Counsellors? The only secure online forum that is available for the industry, whereby solutions can be found between parties. Open forums are not good

for the industry due to the already negative public perception. This is the only system that can help DC’s make a more informed decision, with regards to assisting consumers that were previously under debt review. For the first phase, DC’s can store terminated consumers, and moving into the next few phases, theDCI will act as a storage facility for DC’s with a data recovery centre in place. Storing the clients data forms part of the regulations of the NCA which to date, no system has been put into place for the industry. DC’s have the ability to collect their debt in 3 different ways, two of which do not cost the DC anything up front. If no money is collected, no fee is charged. The 20% fee that is charged upon collection, includes all legal action at the collection companies discretion. Access to online legal advice and opinions by legal experts specialising in debt review matters both from the DC’s perspective and the credit providers perspective. It also includes a judgment library of all the reported and unreported cases, industry contacts and information pertaining to the NCA and CPA in one central point. The ability to offer your consumers long and short term insurance product that have been specifically developed and designed for the over indebted consumers. theDCI will

ensure that the debt counsellor is protected from the FAIS Act issues. theDCI will also appropriately compensate debt counsellors for their involvement in the documentation processes. To gain access to these products, you must belong to theDCI. theDCI gives all leads coming into the site to DC’s who have registered and have sent through the required documentation. Online directory of credit providers view live notifications from credit providers and various other industry players. All DC’s joining, will have 10 free legal letters that they can send off in an attempt to collect money owing from the consumer. theDCI gives DC’s the ability to stand united and have a voice that is heard. What can theDCI do for Credit Providers? Bridge the communication gap between DC’s and CP’s, change information pertaining to their debt review departments and with the click of a button, help DC’s solve problems in a safe secure environment within the industry. theDCI assist with mediation and resolution rather than court battles that cost the consumer more money and save them huge monthly bills. Share expertise and help evolve the industry by joining forces with DC’s. DC’s that are professional, ethical and honourable looking to find solutions for the industry as a whole will use theDCI. DC’s can now offer the creditors guarantees that there are insurance products in place, as part of the proposals sent out, (if DCI insurance is taken by the consumer), which can and will help to lower their exposure risk. The creditors can be assured that the DC’s will know when debit orders have been returned. They can also be assured that they will be informed by theDCI when a policy lapses, placing their asset at risk.

Transparency of consumers playing the system who do not honour the very people who tried to help them, the DC. What can theDCI do for Consumers? The consumer section will be launching on 30 November 2011. This will empower the consumer about their rights while under debt review; to make them aware that it is still their debt, and money and they have the right to know and act on certain information. This section will help them make a better informed decision when choosing a DC and the truth of debt review from a DC’s perspective, legal perspective and creditor perspective. It will help the consumer to realise when it is too late for debt review and what other options are available. There is info on how to treat their DC’s and what to expect from their DC’s. There is also a guarantee that the DC’s listed on theDCI are all verified with proof of documentation held by theDCI. By using a DC that will be recommended to them via theDCI, they can have a point of reference back to us if needs be. The DC’s using theDCI are professional and ethical, who have service tools and legal expertise at their service if needs be. We offer Insurance that is specifically designed to cater for their needs while they are under debt review. They can also only obtain these products from a registered DC, who is registered with theDCI. They will have a list of attorneys that are currently on theDCI specialising in debt review matters/their cost and what it entails. They can be guaranteed that these attorneys have their best interest at heart and will help to guide the DC’s in making vital decisions about their future and debt, this includes when the DC’s make unrealistic proposals to their creditors.

when things are not done properly. theDCI cares about the industry and especially for the over-indebted consumers. Who is already on theDCI? More than 400 DC’s have sent through their Documentation. Unfortunately, due to on-compliance of required security documentation, more than 500 have registered but do not have access to the site. Major creditors have also given theDCI the thumbs up. Major advertisers will be loaded onto the site by 30 November 2011 as most of them will If I store documents and info on this site, is it also be viewed on the consumer section as part of the deal. safe and why should I do this? Yes. The system implements several layers/ methods of security to protect the site/system, How do I sign up? as well as the information and the members. Go to fill in the online The several layers of security in place are SSL, registration information and send through XSS & SQL Injection, upper level security and the relevant proof of ID, NCR certificate and backups. Hetzner hosts theDCI and is one of renewal fees. There is no exception to this SA’s most trusted web hosting specialists. rule as I made a guarantee to the consumers theDCI servers are located at one of Hetzner’s and insurance products that an audit trail of South African based data centres. Security at documentation is kept. Hetzners data centres includes Climate Control, UPS and Generators, Security and Monitoring, There are many more exciting aspects to theDCI Biometric/Magnetic Access Control, 24/7 currently being developed. This is only the first Monitoring of premises, Fire Protection, phase of another six still to come. There will be Technicians and Support. Go to www.hetzner. a lunch in CT and JHB in late Jan 2012, a “save for further information on their security the date email” will be sent out within the next centres. DC’s need to understand that in week. This is the time for all industry players to accordance with the Regulations of the NCA, stand together and truly make a difference in if they do not keep/store all their consumers the lives of those South Africans committed to information, they can get into serious trouble. paying their debt, with honour and dignity. If their laptops or PC’s are stolen, damaged or data lost, how do they recover it if they do not have some sort of storage facility plan in place? Most storage facilities and debt recovery services cost vast sums of money, theDCI will offer this facility at no charge because it is always the consumer who suffers the most What is it going to cost me? Nothing, except if you want to send off legal Letters, which will be R70.00 per letter. If you have information stored on the site about consumers who don’t pay DC’s doesn’t that make you a credit bureau? As theDCI does not receive payment related to the information which it stores from the debt counsellors and the consumers, it is therefore not a credit bureau as defined in terms of Section 43 of the National Credit Act.

Just a quick note on court days. Both the Magistrates and the High Courts work on the basis that a Saturday, Sunday or Public Holiday shall not, unless the contrary appears, be reckoned as part of any period calculated in terms of the rules. Public Holidays are set out in the First Schedule to the Public Holidays Act 36 of 1994. So simply, when you calculate court days you exclude Saturday, Sunday and Public Holidays.


WELCOME TO THE DANGER ZONE For many consumers the debt review process takes about 5 years to settle most of their debts. While that may seem long, the good news is that for many about 24 months is all the time they need to change their circumstances enough to be able to leave debt review. Sadly however on the other side of the success coin, 24 months is also about the average time it takes before a consumer defaults on their court order and has to be removed from the process. Normally this is simply because the consumer can’t or won’t pay. The unfortunate part is that this is often simply due to bad planning and a lack of saving by consumers for annual or unplanned expenses. With the end of the year approaching we once again enter the DANGER ZONE- that time when many consumers “bomb out” of debt review due to non payment. This can be for various reasons some legitimate, others frivolous. Some consumers want to spend funds on presents, parties and such rather than face the fact that this year they can’t really afford it.

Others simply find themselves without enough cash set aside in January when it comes time to pay for unusual expenses like school books and clothes for their kids. Let’s be honest your kids need these things and you knew about this expense months ago. However many consumers simply think that it will be ok to default on the new agreement and maybe skip a payment or simply pay less than agreed. Make sure you don’t fall into this trap. No payment = no debt review. One missed month can undo all the effort and changes you have put into place since entering debt review. Not to mention all the costs that have been incurred in paying both debt counsellor, PDA and attorneys for the work they have done. If you default most of your creditors will simply revert back to the contractual amounts owed and remove any concessions they have granted under debt review. They will soon summons you and have judgments granted in an effort to repossess their assets and get at your salary.


THE CHALLENGE OF STRIKING A BALANCE With any new industry there are bound to be challenges. In debt counselling, one of the biggest challenges has been trying to strike a balance between consumer rights and those of creditors. Another positive step has been the adoption by all parties of the voluntary processes suggested by the task team on debt review which was set up by the NCR to smooth out hiccups and delays. This has put a heavy administration burden on the debt counselor. What has resulted though, is the need for a lot more work than all parties originally envisaged. Many new Debt Counsellors became involved in the industry to try help consumers and did not imagine the amount of admin work which would accompany that goal. As a result of being bogged down with administration work many smaller Debt Counsellors have failed to spend time marketing their services to their fellow South Africans. At present many consumers still know little about the process and thus these debt counsellors might find , when they lift their heads from behind the piles of paper on their desks, that they have no new clients in their waiting room. This is not a good thing in an industry which is structured to operate on cash injections from new clientele. Many cash strapped Debt Counsellors are now even thinking of leaving the industry for more profitable waters. Before they do so they should ask themselves: is there no way i can strike a balance between the vital administration part of their work and the equally important aspect of finding new work?

For most this has meant the step of employing someone to assist them in their work. For some, this has meant employing several “someone”s. Once again a balance needs to be struck in this area. It is not enough just to hire an extra body to fill a seat at the office. All staff need to be knowledgeable about the process and be kept up to date with new developments in this evolving industry. Here to balance is needed between increased overheads vs income. One way to enable themselves to keep an eye on both sales and admin is by using software systems which are specifically tailored to the needs of the debt counselling industry. After all there is only so far that most of us can make Excel spreadsheets go. These custom designed software packages can help Debt Counsellors track progress along each and every step of the process- from sending out the very first form, to checking up on what is happening with the attorneys who are handling the legal side of the matter in a court on the other side of the country right on through to checking that consumers are making regular payments and seeing if consumers don’t need to be removed from the process for not sticking to their monthly payments. It is amazing how good software can help save time. It also allows Debt Counsellors to focus, not only on doing work, but then suddenly having time to find new work too. Johann Vermeulen, The DCM Group


Completion of Applicant and Generation of Form 19 Clearance Certificate When a consumer has paid up all their debt or the debt has been written off, the DC should complete the consumer’s application by updating the consumer’s status to complete and issuing a form 19 clearance certificate.


The user needs to have permission to be able to do this function. Permission can be assigned to a user by a Debt Counsellor Admin user:

An applicant can only be updated to Complete – Consumer Paid Up if the applicant status is “Returned Needs Attention”. Once the applicant status has been updated to “Complete – Consumer Paid Up”, the user cannot update the applicant status to “Complete – Consumer Paid Up” again, but will be able to print out the clearance certificate multiple times.

Steps on completing a consumer’s application: On Debt Wise Solutions, Debt Counsellor Interface: 1. Go to applicant list and go into applicant details (click on open)

2. Click on Other Options Menu Option > Complete application

3. The system will display a pop up window with a list of all the creditors of the applicant, each creditor’s status (e.g. Outstanding Balance, Paid Up or Written Off), account reference number, name, creditor reference name, COB balance and outstanding balance.

a. The applicant can only be updated to complete once all creditors have been updated to Paid up or Written Off. b. A creditor can be updated to Paid Up or Written Off at the Balance Adjustment function on the applicant Budget screen ONLY if the applicant status is “Returned needs attention” (please refer to steps below). c. Adjust COB balance to a zero balance

i. On the applicant creditor screen, click on the “Adjust Balance” button:

ii. Select the balance adjustment method of “Zero Balance (creditor paid off)” and enter the effective date and reason for adjustment. Click on the “Confirm Zero Balance” button:

iii. The system will prompt you to review your entered details and to enter your password. Click on the “Confirm Balance Adjustment” button

iv. Once the adjustment has been confirmed and done, the balance will be displayed as 0:

v. Go back to the “Complete Application” menu option. The creditor will be displayed as “Paid Off”:

d. Write off COB balance: i.

On the applicant creditor screen, click on the “Adjust Balance” button


Select the balance adjustment method of “Write off Balance” and enter the effective date and reason for adjustment. Click on the “Confirm Balance Write-off button” button:


The system will prompt you to review your entered details and to enter your password. Click on the “Confirm Balance Adjustment” button: ( as displayed above)


Once the adjustment has been confirmed and done, the balance will be displayed as 0:


Go back to the “Complete Application” menu option. The creditor will be displayed as “Written Off”:

e. Once every creditor has been updated to “Paid Up” or “Written Off”, the list will be displayed as follows and you can click on the button “Complete Applicant” and “Clearance Certificate”


The applicant status will be displayed as “Complete – Clearance Certificate Issued”

Debt review and distribution software. Proud Software provider to DC Partner, Payment Distribution Agency.

CASE TO WATCH FNB v A KOBASHE - North Gauteng High Court, Debt Counsellor: P Munnik. A little background to the case: The consumer had been under debt review in 2010 with Octogen. However, due to dissatisfaction, the consumer withdrew from their services particularly because many creditors had terminated the debt review. Then in August 2011 the consumer (after more than half a year) re-applied for debt review with Munnik Debt Counselling . Most of the other creditors complied, with the exception of FNB who refused to participate in the new debt review as they claimed the debt review was terminated. An interesting point to note is that FNB claim a S86(10) termination notice is perpetual and remains in effect for any and all debt reviews to followed in the future. FNB sent the consumer a S129 notice 6 days before application for debt review with Paul Nieuwoudt , but the 10 days notice had not expired, and the consumer decided to accept their proposal to approach a Debt Counsellor thus the argument is that FNB must be

included in the review. In September 2011 FNB issued Summons against the client in the North Gauteng High Court for the consumers house bond. This would seem to indicate that FNB were in contravention of S88(3) and were acting in bad faith in a debt review under S86(5)(a)(b). Instruction was given to Advocate Hendrik Jansen Van Rensburg to oppose the application for Summary Judgment. Here is what happened at the High Court: On 18 Oct 2011 Judge van der Byl in term of S130 and 85 of the NCA ordered the matter to be heard for restructuring in the Klerksdorp Magistrates Court. The matter in the high court was postponed sine die. On the 11 Nov 2011 Paul Nieuwoudt of Munnik & Associates was successful in the application at the Klerksdorp Magistrates Court and a debt restructuring order was granted (case no. 13465/2011) . Now the matter will resume in the North Gauteng High Court in December where costs will be applied for.

SERVICE DIRECTORY DEBT COUNSELLING AA Debt Counselling Centre Anthea Johannes NCRDC531 Tel: +27 (0) 21 982 0522 Cell: +27 (0) 84 402 7032 Alan Watts NCRDC 962 NCR registered Debt Counsellor Tel: 084 4448439 Fax: 086 6501954 Central SA Debt Counsellors 082 950 7806 Fax: 086 563 1621 Consumer Assist Johann Vermeulen Tel: 0861 628 628 Credit Matters 021 431 9100 CS Debt Counselling Bernidene Smith NCRDC 764 057 352 4115/352 5000 Welkom - Free state Darran Manikam NCRDC704 Debtbusters 0861 663 328 (NO DEBT) Debt Budget ph. 021 701 7744 Debt Solve Debt Counsellors Office: 033 397 0945

DEBTINC NCRDC’s 1071, 1188, 1189. Tel: (022) 713-2021 Fax: (022) 713-2028 Share Call: 0861 20 21 20 E-mail: Website: SMS: HELP to 35075 DebtSafe 0861 100 999 Debt Rehab Colleen Van Wyk(BCom, LLB) Debt Counsellor NCRDC2619 Tel: 083 290 0848 Tel: 011 740 7374 Fax: 086 716 9694 Website:

Durban Debt Counselling Services Suite 112, 1st floor Union Club Building 353 Sm ith Street Durban, 4001 Tel: 031 301-7893 Fax: 031 301-5809 Debt Counselling South Africa Cape Town Branch Tel: 021 919 66 94 Rod De Witt NCRDC831 Visit: Debt Knowledge Debt Counselling 082 379 2337 Debtonators 041 585 0276 Fincorp debt Counsellors cc Cecilia Zwarts Holistic Debt Counsellors Helpdesk Debt Counsellors Allan Hoffman Tel: 0861 000 754

Debt Rescue Neil Roets NCR DC 474 Cell: 083 644 7406 Tel: 0861 800 009 Fax: 086 523 0617 E-mail:

Help-U-Debt (Vaal Triangle) Wanine Tel: 082 445 3967 Help-U-Debt (Potchefstroom) Madra 083 390 3275 Help-U-Debt (Parys) Marilouise 082 920 6249

Help-U-Debt (Vanderbijlpark) Herma 083 320 8303 MG Consulting NCRDC 1403 Strand - Helderberg Area Telkom : 021 853 4537 Mobile Phone: 082 450 7459 / 082 782 0595 Fax Number: 0866 220 690 E-Mail: info@mgconsulting / NDA Debt Counsellors Your Trusted Debt Counsellors Gary Williams (NCRDC 143) Tel: 034 315 3880 Fax: 086 612 4112 Think Green Debt Counselling Sandi Pauw Tel : 012 991 6638 Cell : 082 460 7800 Fax : 086 219 2615 Incentive Debt Counselling “Paving the way to a Debt Free Tommorrow” Darran Manikam NCRDC704 Tel: (031) 409 9379 Fax: (031) 409 1327 Cell: 0845898286 Branches: Phoenix and Shallcross Indigo debt counsellors CC Tel: 087 808 9734 Fax: 086 580 8675

Zuné Coetzer Debt Counsellors NCRDC 1599 24 van der Stel Street Dan Pienaar Bloemfontein Tel: 051-4364515 Fax: 086 5870 845 Email:

EASTERN CAPE: DRS ALBANY Office: 041 373 9693 Email: DRS ALGOA Marius Weyers Cell: 083 497 3219 Email: DRS BOND CHOICE P.E. Andrea Atkinson Office: 041 393 7000 Email:

BORDER REGION: DRS BEACON BAY Johan Pretorius Cell: 082 324 4038 Office: 043 748 1139 DRS BUFFALO CITY Herman Marias Cell: 082 378 3743 Office: 043 7210652 DRS KING WILLIAMS TOWN Herman Marais Cell: 082 378 3743 Email: DRS CRADOCK Office: 043 721 0652 DRS QUEENSTOWN Herman Marais Cell: 082 378 3743 Email: DRS MTHATHA Herman Marais Cell: 082 378 3743 Email:

DRS CENTRAL EXPRESS Derryn Fish Office: 041 373 9693586 2020 Email: DRS DESPATCH Isabe Landman Cell: 072 337 3328 Office: 041 933 1189 Email: DRS HUMANSDORP Morne Steyn Cell: 083 298 8182 Office: 042 291 0135 Email: DRS NKONKOBE (Fort Beaufort) Bernadine von der Decken Cell: 083 2859289 Office: 046 645 1898 Email: DRS KIRKWOOD Keith Le Roux Cell: 073 207 1675 Office: 041 451 0474 Email:

DRS PORT ELIZABETH Derryn Fish Cell: 084 515 6135 Office: 041 453 8961 Email: DRS SIDWELL EXPRESS Keith Le Roux Cell: 073 207 1675 Office: 041 451 0474 Email: DRS SOMMERSET EAST Luther De Bruyn Cell: 082 568 2970 Office: 042 243 1107 Email: DRS UTENHAGE Lynn Lindoor Cell: 083 7174 183 Email: FREESTATE: DRS GOLDFIELDS (Welkom) Irvin Billy (Derryn Fish) Cell: 072 114 4427 Office: 081 319 0083 Email: DRS MANGAUNG Amanda Johnson Office: 041 373 9693 Email: DRS FOREISTATA EXPRESS (Bloemfontein) Derryn Fish Office: 041 373 9693 Email:

DRS SOUTH FREESTATE Nelmarie De lange Cell: 079 236 3615 Office: 053 591 0734 Email: GARDEN ROUTE:

DRS PRETORIA NOORD Office: 041 373 9693 Email: DRS ROODEPOORT EXPRESS Derryn Fish Office: 041 373 9693 Email:

DRS DE AAR Veronique Louw (Derryn Fish) Cell: 076 382 2020 Office: 053 631 1189 Email:

DRS RUSTENBURG Amanda Johnson Office: 041 373 9693 Email:

DRS GEORGE Francois Van Zyl Cell: 079 522 1930 Office: 044 874 2820 Email: DRS EDEN (Hartenbos) Bruno Mertsch Tel: 042 291 1083/4 Email:


GAUTENG: DRS CENTURION EXPRESS Amanda Johnon Office: 041 373 9693 Email: DRS LYNNWOOD Junique Julius Office: 012 807 4339 Email: DRS PRETORIA EXPRESS Ben Vermeulen Cell: 082 442 8654 Office: 012 331 2145 Email:

DRS GREYVILLE Vyas Juggernath Cell: 083 206 0300 Office: 031 309 8716 Email: DRS KOKSTAD Melanie Louwrens Cell: 083 269 0424 Office: 039 727 1430 Email: DRS MORNINGSIDE DURBAN Erica Mtshali (Amanda Johnson) Cell: 076 578 8660 Office: 031 301 5990 email DRS PHOENIX Vyas Juggernath Cell: 083 206 0300 Office: 031 309 8716 Email:

DRS PIETERMARITZBURG Sanele Zulu Cell: 083 543 3487 Office: 033 394 8319 Email: WESTERN CAPE: DRS BELLVILLE Patricia Bekker Office: 021 948 8523 / 4 Email: DRS DIAMOND Clive Palmer Office: 021 421 8563 Email: DRS TYGERBERG Craig Lakey Cell: 082 627 0957 Office: 021 945 4062 Email: DRS WEST COAST Marius Coetzee Cell: 082 978 4407 Office: 022 713 3766 Email DRS SALDANHA Marius Coetzee Office: 022 713 3766 Email: DRS SOLUTIONS Christelle de Villiers Cell: 084 586 5600 Email:

U-Win Debt Counsellors Coreli Roos - NCR DC 509 Aliwal North, Burgersdorp, Bethulie, GariepDam, Smithfield, Springfontein Cell:079 626 66241 Rihanyo Debt Counselling (012) 804 50 57 SUPPORT SERVICES

Business and Personal Website and Software, Design and Development Services. Contact Number: +27 76 382 0933 Email: Web: Staff Line Ndizani Executive Recruitment Cell no: 083 3028163 Direct Line: (011) 468 - 2150 E- Mail: Blank Design For all design and marketing needs including websites, brochures, business cards etc. Steve Rosenberg 083 700 2020 Designtimes South Africa’s creative resource

TRAINING Compuscan Academy 0861 51 41 31 FINANCIAL ABSA Customer Debt Repair Line 0861 005 901 Credit Ombudsman 0861 662837 Experian 011 799-3400 Eric Streso Financial Planner B Juris LL B CFP MBA Tel: 0833273358 Fax: 086 612 7912 Fair Debt 0829019788 or 012-3772558 PACFIN Financial Solutions Head Office Tel: +27 11 9757445 Fax: 0865368783 36 Van Riebeeck road Kempton Park 1619 Monte Carlo Building No 8 Voortrekkerstreet Kempton Park 1619 Kempton Park Contact: Reyno Coetzee Tel: +27 11 3945363 Fax: 0866048002 Cell: +27 73 3690884

Boksburg / Germiston Contact: Armand Posthumus Tel: +27 11 8921911 Fax: 0865620378 Nelspruit Contact: Ann Baker Tel: +27 13 7415559 Fax: 0880 1374 15559 Cell: +27 82 9024236 Springs Contact: Wynand Mclachlan Tel: +27 11 8113728 Fax: +27 11 8113728 Cell: +27 83 2754014/5 Gooseberry Business Advisory Tel: 012 644 0589 Nedbank Debt Rehabilitation & Recoveries Services 0860 109 279

FINANCIAL PLANNING Eric Streso Financial Planner B Juris LL B CFP MBA Tel: 0833273358 Fax: 086 612 7912 LEGAL Brett Carnegie Attorneys Tel: +27 (21) 4470332 Fax: +27 (21) 4470338 Mobile: +27 (0)82 320 6099 Suite 23(B) Unit 8 Waverley Business Park Mowbray 7700 Scheepers Attorneys Gerhard Scheepers

STD Bank Debt review Helpline Telephone: 0861 111 402 TransUnion 0861 482 482

LUCID Attorneys Tel: 011 880 1100 Fax: 011 880 1101 Email:

Thinkmoney Financial comparison website Contact: Gareth Mountain Tel: 079 0996 798

Ludick Attorneys

WIZARD Vereeniging Making Mortgage Magic Wanine Smit Tel:+27 16 454 1132 Fax:+27 86 686 3678 Cell:+27 82 445 3967

Prinsloo & Associates Attorneys and conveyancers Nanika Prinsloo Farm Bergamot, Paarl 7620 P O Box 6199, Paarl 7620 14 Laing Street, Barrydale 6750 Cell: 072-8558-106 Fax: 086-623-5986

RM Brown and Associates 601 Pier House, 13 -17 Heerengracht, Cape Town Docex 138 Cape Town t: 021 431 9127 f: 021 425 0875 e: Agiliti CC Colleen Van Wyk(BCom, LLB) Tel: 083 290 0848 Tel: 011 740 7374 Fax: 086 716 9694 Website: CREDIT BUREAUS Compuscan 0861 514 131 Computer Profile Bureau 0861 28 7328 Experian Business- 0861 63 60 70 Consumer- 0861 10 5665 Micro Lenders Credit Bureau 0861 28 7328 TransUnion 0861 886 466 XDS 0860 937 000

OTHER Association of Debt Recovery Agents: 011 781 3337 Banking Ombud 0860 800 900 Credit Bureau Association 011 463 8211

Motor Industry Ombud 012 841 2945 National Credit Regulator 0860 627 627 Ombud for Short term Insurance 011 726 8900

Credit Providers Association 011 789 6825

Pension Funds Adjudicator 021 674 0209 South African Fraud Prevention 0860 101 248

Department of Trade and Industry 0861 843 384

The Banking Association 011 370 3500

Financial Advisory and Intermediary Services Ombud 012 470 9080


Financial Services Board 012 428 8000 Furniture Traders Association 011 789 6770 Legal Resources Centre 011 836 9831 Long Term Insurance Ombud 021 657 5000 Micro Finance South Africa 012 345 0809

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Debtfree DIGI Nov 2011 theDCI Special Edition  

The Nov 2011 Special Edition of Debtfree DIGI for theDCI members.

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