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Debt Review Fees

Questions & AnswersDebt Review Fees
Anonymous asked 3 years ago

Hi,

I just want to know whether the R6000 fee must be paid once or will be divided per month?

1 Answers
Matthys Potgieter Staff answered 3 years ago

Hi there, 

Thank you for your question. 

I assume you are asking about the first month’s payment. 

When in debt review the first month’s payment is a once off debt counselling fee. It is worked out according to your unique situation. It is not necessarily R6000, but according to the National Credit Regulator this fee may not exceed R6000 (excluding VAT). This fee is a once of fee, and not a repayment plan.

Hope this information was helpful. 

Have a great day.