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Historically debt problems usually resulted in the hardships of foreclosure, administration or sequestration. All of these outcomes are not only costly affairs, but also create tremendous stress with considerable social and economical side effects.
With the enactment of the National Credit Act (NCA) debt counselling is now regarded as the primary debt relief measure available to financially stretched consumers. This debt review process establishes one affordable monthly debt repayment after considering the consumer’s essential living expenses.
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