Fee Structure:
(1) R50.00 application fee is payable upfront.
(2) A Restructuring fee of the lesser of the first installment of the debt re–arrangement plan or a maximum of R6000.00 (exc. vat) (Single or Joint applications).
(3) Legal fees for R2500.00 will be deducted in the second month. If the consumer’s affairs cannot be resolved through a consent order, and there are additional costs for further legal processes, these need to be separately negotiated with the client.
(4) A monthly aftercare fee of 5% (exc. vat) of the monthly installment of the debt re–arrangement plan up to a maximum of R400.00 (exc. vat) for a period of 24 month’s, there after reducing to 3% (exc. vat) for the remaining period.
(5) A rejection fee of R300.00 (exc. vat) in respect of the consumers whose application have been rejected in Terms of Section 86(7)(a)
(6) Should the consumer withdraw from the process after the Debt Counselor completed the process, a fee equal to 75% of the restructuring fee is payable by the consumer.
(7) Should the Debt Counselor fail to submit proposals to credit providers or refer the matter to a Magistrates Court within 60 business days from date of application the Debt Counselor has to refund 100% of the fees paid by the consumer (Excluding the R50.00 application fee) .
(1) R50.00 application fee is payable upfront.
(2) A Restructuring fee of the lesser of the first installment of the debt re–arrangement plan or a maximum of R6000.00 (exc. vat) (Single or Joint applications).
(3) Legal fees for R2500.00 will be deducted in the second month. If the consumer’s affairs cannot be resolved through a consent order, and there are additional costs for further legal processes, these need to be separately negotiated with the client.
(4) A monthly aftercare fee of 5% (exc. vat) of the monthly installment of the debt re–arrangement plan up to a maximum of R400.00 (exc. vat) for a period of 24 month’s, there after reducing to 3% (exc. vat) for the remaining period.
(5) A rejection fee of R300.00 (exc. vat) in respect of the consumers whose application have been rejected in Terms of Section 86(7)(a)
(6) Should the consumer withdraw from the process after the Debt Counselor completed the process, a fee equal to 75% of the restructuring fee is payable by the consumer.
(7) Should the Debt Counselor fail to submit proposals to credit providers or refer the matter to a Magistrates Court within 60 business days from date of application the Debt Counselor has to refund 100% of the fees paid by the consumer (Excluding the R50.00 application fee) .
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