Search   
 

Call Center
0861 11 6362 (NDMA)

Links
Credit Information Ombud
National Credit Regulator
Micro Finance Regulatory Council
Banking Association South Africa
Financial Service Board
Ombudsman for Banking Services
South African Reserve Bank
Interest rates table
Financial Wellness Forum
National Consumer Tribunal (the NCT)

Did you know?
&bull 18 million South Africans are credit active with 64 million credit accounts, or around 3.5 accounts per credit active consumer.
&bull 45% of these accounts are delinquent
&bull At present indicators are that more than 160 000 cases of over-indebtedness have been registered with the NCR
&bull The cases of over-indebtedness are reported to be increasing by approximately 8000 per month
Click here to get help

Welcome to the National Debt Mediation Association (NDMA).

“Helping and relieving over-indebtedness one person at a time”


Welcome to the National Debt Mediation Association (NDMA). The NDMA is a free, confidential service offering advice and resources to consumers who are worried about debt.

The NDMA offers consumers who are debt-stressed advice and guidance as to:
Assess the level of their over-indebtedness  
Make an informed decision as to whether to seek help to resolve their situation  
Who to go to for help  
Methods of resolving their situation  
The do's and donts of credit usage, budgeting and avoiding the debt spital  
Latest News
from Personal Finance

For a list of NDMA-affiliated debt counsellors in your region, click here, alternatively you can call our Call Centre on 0861 11 NDMA and they will give you a list of debt counsellors near you.

How does it work?

Through negotiated agreements between the NDMA and its affiliated credit providers, consumers can now take advantage of significant concessions, beyond what is required in law, to assist eligible over-indebted consumers. Consumers who consent to enter the programme and meet their restructured obligations will rehabilitate their financial situation using:

Repayment term rescheduling
Interest rate and fee reductions; and
Temporary payment holidays; and

Once agreed, this will be put into effect by an NDMA-affiliated Debt Counsellor.
 

NDMA Launch - May 2009

The Six Steps to Debt Relief

Step 1
 
Self Assessment

Calculate your current situation

 
Step 2
 
Debt Remedy Options

Consider your options

 
Step 3
 
Affordability Assessment

Review a family budget

 
Step 4
 
Debt Review Checklist

What you need to take to the Debt Counsellor
 
Step 5
 
The Do's and Donts of debt reviews

A useful list of tips and hints

 
Step 6
 
Find a debt Counsellor near you

A full list of NDMA-affiliated Debt Counsellors