INDUSTRY
NCR Task Team Presentation
The recent NCR task Team recently made its presentation of findings to the industry. Debtfree attended the presentation in Cape Town. The Presentation began with a speech from Mr Gabriel Davel the recently resigned CEO of the NCR. He promised not to Bull$h1t the audience and to cut to the chase. He began by comparing what has happened during the economic crisis in both the US and UK. He mentioned that in the USA there have been over 1.1 million foreclosures on bonds and that in 2009, the
largest debt Counselling firm in the UK was inundated with 360 000 applications for debt review. Mr Davel pointed to how far the Debt Counselling industry has come in only 3 years. He mentioned that when the Act came into effect, there had been only 7 Debt Counsellors