Below are the informative prices of debt consolidation counselling. We've also examined what the quoted prices usually include and which factors affect the final price.
The application fee for debt counselling
This is a one-off amount that is paid upfront and in full and it pays for the processing of your application. As the price is regulated by NCA and NCR, it does not vary. The average cost of the application fee for debt counselling is R50, or typically between R49 and R50.
Get quotesThe restructuring fee for debt counselling (for an individual)
This is the full assessment of consumer’s finances and includes a proposal for creditors to pursue, organizing of consumer’s debts, negotiations with your credit card providers for lower interest rates, supplying the attorneys with needed documents, handling transfer requests, and filling in NCT applications. Debt Review is governed and regulated by the NCA and NCR and is a formal legal process. The prices are therefore the pretty much the same across the country. On average, expect to be charged between R7000 and R8000 for the restructuring fee for debt counselling (for an individual).
Get quotesThe reckless lending fee for debt counselling
Your counsellor will take a look at any reckless lending investigations, and supply attorneys with relevant documents to draft affidavits on the assessment outcome. Debt Review is governed and regulated by the NCA and NCR and is a formal legal process so the prices do not vary by much. The cost of the reckless lending fee for debt counselling typically runs from R1400 to R1500, averaging at R1500.
Get quotesThe administration fee for debt counselling
This is a once-off fee that is paid upfront. It includes consultation with your counsellor to discuss the process and its costs, sending notices to your debtors, and handling any debt review rejections you might have received. Debt Review is governed and regulated by the NCA and NCR and is a formal legal process so the prices do not vary by much. On average, expect to be charged between R250 and R300 for the administration fee for debt counselling.
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