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Wednesday, January 26, 2011

NCR allow PDA fees to change

From the first of February this year the various PDA's will probably be changing their fees.

The fees will be based on a 3% of distributed amount charge

A min payment of R50 per consumer will come into effect and a maximum fee of R500 will be in place regardless of distribution (i know... you wish you had those clients!)

Remember to disclose these fees to your clients up front and include this information into your client contracts. Obviously clients have no choice but to distribute via a PDA but it is best to keep them informed as to the costs

The various PDA will obviously change their systems to reflect the new charges and documentation for court use will have to reflect these charges.

All these changes take place with the blessing of the NCR.
So get ready for the change.

Friday, January 21, 2011

Cape Town NCR workshop

The NCR invite you to attend a training workshop in Cape Town where the following topics will be discussed:

Industry developments,
Relationships with stake holders,
Terminations,
After Care,
Money collection

There is no charge for this workshop which is for registered Debt Counsellors Only.(No shows will however be charged.)

Where: Old Oak Bowling Club

Address: Tygervalley RD Kenridge ext 3 Bellville

When: 28th January 2011

Time: 8:30 for 9:00

RSVP: jennyd@octogen.co.za

Note: This will be a repeat of the recent training held in this area.

Thursday, January 20, 2011

DebtBusters reveal stats regarding single moms

According to Ian Watson, CEO of Intelligent Debt Management (the company which owns DebtBusters), 75% of female applicants for debt review are single mothers.

Out of this 75%, less than 35% receive any maintenance at all from the fathers of their children and less than 10% receive regular maintenance. By far the largest group are black single mothers not receiving maintenance.

Tuesday, January 18, 2011

Less used cars sold at end of 2010

According to recent reports on car sales fewer used vehicles were sold in the last quarter of 2010, and those that did sell fetched lower prices.

"Used vehicle prices continued their downward slide in the last quarter of 2010 despite a slight increase in new car prices for the same period," vehicle risk intelligence company TransUnion Auto Information Solutions said on the release of its vehicle pricing index.

"And while new car sales continued to increase, sales of used vehicles slowed...As a result, the annual 2010 ratio of 1.79 used vehicles for each new vehicle sold is significantly lower than the 2009 figure of 2.16 used for each new vehicle." TransUnion said.

This may have a lot to do with car dealerships offering better deals on new vehicles in an effort to attract business.

Wednesday, January 12, 2011

STD Bank up to speed with new COB's

STD Bank have announced the implementation of changes to their Certificates of Balance.

As from 11 Jan 2011 COBs Received will align with the COB format as per the Task Team Recommendations.


Should you have any queries in this regard, please contact Debt Review Services at Debtreviewservices@standardbank.co.za
or contact their Call Centre on 0861 111 402.