NCR favours debt counsellors

The National Credit Regulator (NCR) doesn’t care about the consumers of South Africa, thousands of South Africans are complaining every day about debt counsellors who take advantage of their financial situations. Throwing them in to debt review take their money and not paying creditors.

It’s funny how quickly a person goes under debt review and to get out takes almost a life time, people complain on every platform they possibly can, and it’s not that the NCR don’t see these complaints about debt counsellors they just over look it.

Not even once did we hear or see that the NCR disciplining any debt counsellor, which makes me very worried. To some of us it’s either they work with them in robbing the people or they co owners of in these debt counselling companies.

The NCR needs to change management or just be closed because I don’t see the use of it.