Myth 1: Debt Counselling Is Only for People Without Jobs

Not true. Anyone struggling to meet their debt repayments, even with full-time
employment, can apply.

Myth 2: You’ll Lose Your Home or Car

Debt review is specifically designed to protect your assets from repossession.

Myth 3: You’ll Be Blacklisted Forever

Once you receive your clearance certificate, the debt review flag is removed and
your credit record resets.

Myth 4: Debt Review Is Too Expensive

Fees are regulated by the NCR, and your counsellor builds them into your
repayment plan.

Myth 5: It’s a Complicated Process

A good counsellor makes it straightforward, handling negotiations and legal steps on
your behalf.

Conclusion

Debt counselling isn’t a trap; it’s a lifeline. By understanding the truth, you can take
confident steps toward becoming debt-free.