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ARE
YOU OVER-INDEBTED?
In terms of section 79(1) of the National Credit Act No. 34 of 2008, a consumer is over-indebted if the preponderance of available information at the time of the determination is made indicates – that the particular consumer is or will be
UNABLE TO SATISFY IN A TIMELY MANNER ALL OBLIGATIONS UNDER CREDIT
AGREEMENTS……having regard to that consumer
(a) Financial means, prospects and obligations; and
(b) Probable propensity to satisfy in a timely manner all the obligations
FREE on-line ASSESSMENT: Simply fill in your details for a free assessment by LEGALSOLUTIONS to see whether you qualify for Debt Counselling in terms of the National Credit Act 34 of 2005
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