The core iNDC team have been involved in corporate and entrepreneurial ventures for over 25 years, have an extensive knowledge of Businesses / Consulting Businesses , Personal and Commercial debt and understand the inner works of Debt Counselors and Credit Providers, as well as Employer’s HR Departments and Groups.
This experience complements our ability to implement and manage effective Systems and Negotiate Settlements with various types of Credit Providers. We have a Solution to help all our Clients and our Number One Goal is to Protect the Interests of the Consumer, the Debt Counsellors, Employers and Groups.
iNDC is a Specialist Company formed with the Aim To:
Render / Facilitate Professional Debt Review Services and to Assist Consumers with the Debt Review process created under the National Credit Act (NCA). We Assist Individuals and Families Nationwide with Managing and Paying their Debts, and Taking Control of Their Finances.
Render Professional Administrative Debt Counselling / Debt Review Services.
The Administrative Services and Functions Provided by iNDC, is to Commence and Complete the Debt Counselling and Debt Review Process. This Includes the Suspension of Legal Proceedings Against the Consumer, Negotiation with Creditors and the Facilitation of Payment. It further Includes the Facilitation of Consent Orders and Court Orders on Behalf of the Consumer.
We have a Solution to Help All our Clients and our Number One Goal is to Protect the Interests of the Consumer, and to Ensure that we Put Forward an Acceptable Proposal to all the Creditors.
NO Additional Cost to The Consumer … The Negotiation Fees are included in your Repayment Plan.
The Dept Counselling Process
Step 1: Debt Counselling
Supply us with details relating to Your Income, Monthly Budget and Debt Repayments - this could be done on a One on One basis, Telephonically, by Email or Fax.
Step 2: Debt Counseling
We (iNDC) will Conduct an initial Assessment in terms of your over-indebtness. Our Debt Counsellors / Debt Analysers will Discuss and Explain it To You on the Phone, or Make an Appointment with You. You will need to Supply Copies of your Payslip, Bank statements, ID and latest Creditors Statements.
Step 3: Debt Counselling
During the Debt Counseling Consultation our Debt Counsellor / Debt Analyser will Verify your details pertaining to your Income, Budget and existing debt repayments. A Revised Budget will be Drawn Up and an Amount Available for Debt Distribution will be Determined. Our Debt Counselor / Debt Analyser will provide you with the details of the costs as well as an interim repayment schedule. This is when you officially apply for Debt Review.
Step 4: Debt Review
You now start paying a Reduced, Affordable Monthly Payment, based on your Interim Payment Schedule. This is paid to a Payment Distribution Agency (not to us), as per the National Credit Regulator. No Additional Costs, as our fee is taken out of the 1st months repayment. We / iNDC, will start Negotiating a Proposal with All your Credit Providers.
Step 5: Debt Review
The Credit Providers may Accept the proposals and if all of them do, then a Consent Order will be obtained from a Magistrates Court. Should one or more of the Credit Providers not accept the proposed repayment plan, then we will Submit a Proposal to a Magistrate for Decision.
Step 6: Debt Review
We will then Provide You with a Final Repayment Plan and this repayment plan is Also Submitted to your Creditors and the Payment Distribution Agency. (PDA) The Aim of this is to Collect a Single Payment from you and Ensure that the Correct Amount is paid to All Credit Providers on a Monthly Basis. This will continue until All Debt has been Settled.
Address :-Kingbolt Crescent, Pretoria, Gauteng Micro Category :N/A Language Spoken :N/A Hotal Stars :N/A Latitude :N/A Longitude :N/A
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