DEBT COUNSELLING FEES
All Debt Counsellor’s fees are regulated by the National Credit Regulator (NCR) and are included in the debt repayment plan.
This means that the monthly payment calculated by the Debt Counsellor include the fees as described below. Your monthly debt review payment amount is specific to your situation and how much debt you have in total.
All Debt Counsellors are permitted by the NCR to charge certain fees as listed below:
A once off fee of R50 – payable in month 1
A once off fee of R300 – payable in month 1
A once off restructuring fee equal to the first month’s payment which is limited to a maximum of R8,000 for a single application and R9,000 for a joint application. This amount is included in the debt review payment.
Example:
If your debt review payment (single application) works out to be R5000 per month, the DC Negotiation Fee will be R5,000, payable in month 1.
If your debt review payment (single application) works out to be R10,000 per month, the DC Negotiation Fee will be R8,000, payable in month 1.
A monthly after care fee of 5% of the debt review payment, with amaximum of R450.00
As negotiated with an Attorney appointed by Rywanet Debt Counsellors.
R1,500 – only payable in month 2 if applicable
R300 – if application is rejected
