The NCR issues fee guidelines for debt counselor, this includes an application and administration fee of R350 plus VAT, a restructure fee equal to the first month’s installment up to a maximum of R8000 plus VAT (maximum of R9000 for joint applications married in community of property) and a reckless fee of R1500-00 plus VAT. Also, there is a monthly maintenance fee of 5% of the installment up to a maximum of R450 plus VAT. these fees ensure you receive professional advice from your debt counselor at all times and are deducted from your monthly installments.
There is a legal fee payable to the attorneys for obtaining a court order to ensure you are protected from your credit provides for the duration of your debt review. Your debt counselor will provide details of this with your application.