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JJ PIENAAR

JJ PIENAAR . 2011. MISSION STATEMENT. Efficient and effective legal service Cost effective services Professional conduct at all times Effective feedback and actions To establish a good relationship with our clients through honesty & a warm welcome at our offices.

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JJ PIENAAR

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  1. JJ PIENAAR 2011

  2. MISSION STATEMENT • Efficient and effective legal service • Cost effective services • Professional conduct at all times • Effective feedback and actions • To establish a good relationship with our clients through honesty & a warm welcome at our offices JJ PIENAAR

  3. WHY DEBT REVIEW?? • To assist an over-indebted consumer over a period of financial embarrassment, without the loss of assets and dignity • This will afford the consumer a “second” chance in order to rehabilitate his debt obligations by way of debt restructuring. • The purpose of the Act is to promote and advance the social and economic welfare and protect consumers • AFFORDABLE INSTALMENT WITH PROTECTION AND WITHOUT LOSS AND LEGAL ACTIONS UNTIL YOU ARE ON YOUR FEET AGAIN. JJ PIENAAR

  4. CONSUMER RIGHTS • RIGHT TO • Apply for credit and and not to be discriminated against • Receive contract in an understandable language • Afforded the right to know details of information held by a Credit Bureau • Protection against unfair marketing practices and reckless credit • Receive documentation when requested • Confidentiality and privacy • Apply for Debt Review and re-arrangement in case of over- indebtedness • Cooling off clause in terms of case of leases and installment agreements at locations other than business premises • Right to receive statements of accounts JJ PIENAAR

  5. The DEBT REVIEW process • When a Consumer realise he/she is over-indebted or received a letter • of demand (Sec 129 letter) from a Creditor, he/she may go to a • Registered Debt Counsellor (DC) and apply for Debt Review • The Debt Counsellor will then evaluate all the information provided , make a • determination, and advise the consumer • If a consumer is over- indebted, the Debt Counsellor will restructure the • installments to the maximum affordable amount, and notify the Credit • bureaus and the Credit Providers thereof • For the following 60 days, the Debt Counsellor negotiate with the Credit • Providers • No Credit Provider may take any further legal steps to collect from the • Consumer during this 60 days • The Debt Counsellor have to refer the matter to the Court within the 60 days • to get a Debt Counselling Order , making the restructuring final. JJ PIENAAR

  6. IN PRACTICE JJ PIENAAR

  7. WHO’S DOING WHAT? JJ PIENAAR

  8. Fee structures • What are the maximum costs for a Debt Review Process? JJ PIENAAR

  9. JJ PIENAAR

  10. Need more information regarding the Debt Review Process? ____________ Refer to the back page of the booklet for our contact details. JJ PIENAAR

  11. CONTACT 1 OF OUR BRANCHES TODAY Potchefstroom Tel: (018) 293-1577 Fax: (018) 293-1776 Klerksdorp Tel: (018) 464-2067 Fax: (018) 462-2605 Rustenburg Tel: (014) 592-6408 Fax: (014) 592-3859 Northam Tel: (014) 784-0288 Fax: (014) 784-0274 Mafikeng Tel: (018) 381-5566 Fax: (018) 381-5567 Witbank Tel: (013) 656-6132 Fax: (013) 656-6131 Website: www.hvdmprok.co.za

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