DEBT REVIEW PROCESS

WHAT IS DEBT REVIEW???

When your Expenses exceeds

/overweighs your Earnings

OVER INDEBTED CONSUMER

CONSUMER

DEBT COUNSELLOR

The NCR will protect the over indebted

A Debt Counselor will assist you in managing your debt

A Debt Counselor will assist you in managing your debt

No longer afraid to open letters.

BEFOREAFTER

CONSUMER DEBT COUNSELLOR

PRODUCES THE FOLLOWING TO

THE DC : ID, MARRIAGE CERT, RECENT

PAYSLIP, CREDITOR

STATEMENTS ETC.

CONSUMER REALISES THAT HE IS OVER INDEBTED AND SEEKS FINANCIAL ASSISTANCE FROM A DEBT COUNSELLOR

DEBT COUNSELLOR assists the consumer

FORM 16 (APPLICATION FOR

DEBT REVIEW)

& DEBIT ORDER

CANCELLATION

DEBT COUNSELLOR

CF ACTS ON BEHALF OF THE CREDIT PROVIDER

FORM 17.1

BLOCK ACC &

REG 24/COBSENT

WITHIN 5 BUSINESS

DAYS

1 2

CREDIT PROVIDER eg :WFS,TRU,TFG,RCS,CAPFIN & DA

DEBT COUNSELLOR

PROPOSAL

CONSENT / REJECTION

LETTER WITHIN

10 BUS. DAYS

3 4

CREDIT PROVIDER eg :WFS,TRU,TFG,RCS,CAPFIN & DA

P.D.A

consumer makes

payment to PAYMENT

DISTRIBUTION AGENCY

RECEIPTS PAYMENTS & PAYOVER TO

CREDIT PROVIDERS

5 6

CREDIT PROVIDER eg :WFS,TRU,TFG,RCS,CAPFIN & DA

ACCOUNT SETTLED

CLEARANCE

CERTIFICATE

ISSUED

PAID UP

LETTER/S

ISSUED

DEBT FREE

AND

FINANCIAL RELIEF

7 8