DocumentOngoingReport
Circular 2 of 2025 - Ncr “debt review removal”Circular National credit act – section 126a (3)
National Credit RegulatorRef: CIRCULAR 2 OF 2025
Official source
Source domain: ncr.org.za
Collected on 28 June 2026
Always confirm details on the official source before acting.
What this means
This document is a circular from the National Credit Regulator (NCR) addressing so-called “debt review removal” services. It warns against charging upfront fees for removing debt review status, explains that removal is not always possible, and reinforces obligations under section 126A(3) of the National Credit Act. It also calls for consumer vigilance, disclosure requirements, and potential enforcement against non-compliant providers.
What this document offers
Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.
consumer reporting opportunityOngoing
Report non-compliant debt review removal providers
Consumers can report companies or individuals offering 'debt review removal' services that charge upfront fees and do not deliver on their promises. This helps the National Credit Regulator take enforcement action against fraudsters.
- Who it is for
- consumers who have been approached by unscrupulous debt review removal providers
- How to act on it
- Contact the National Credit Regulator via phone or email to submit a complaint about a provider violating the National Credit Act
Show the line this came from
Consumers are requested to report any businesses or individuals offering such services, in violation of the Act, to the NCR.
Facts
Reference
CIRCULAR 2 OF 2025
Amounts
R 10
Key Takeaways
- reference: Circular 2 of 2025
- subject: debt review removal under National Credit Act section 126A(3)
- fee issue: upfront charges up to R10,000
- obligations: providers must not charge upfront before full performance; must provide disclosure Statement
- enforcement: NCR to take action for non-compliance
- guidance: Withdrawal Guidelines 01 of 2021 referenced
- action: report non-compliant persons/companies to NCR
- date: March 2025