Who regulates debt counselling companies in Johannesburg?

Debt counselling companies are strictly monitored by regulatory bodies. When searching for debt counselling companies in Johannesburg, it is the consumer’s duty to check that the service is registered with and accredited by the National Credit Regulator (NCR), who oversee the fair and legitimate practice of all debt counselling institutions. The Debt Counsellor’s Association of South Africa is another important regulator, whose fee structure recommendations and code of conduct should be adhered to by the debt counselling company to ensure best practice. Finally, the credit ombudsman safeguards the rights of the consumer, to ensure that they are never subjected to unfair or predatory practices by debt counsellors.

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DEBT COUNSELLING JOHANNESBURG | Who regulates companies?