debt counsellors are probably your best choice if you are having financial problems, they will asses your expenses and commitments to help work a best debt review plan

  • blacklisted or not you can qualify

  • no additinal intrests(you may pay up to 3 times the original amount with a loan, we only charge small admin fees)

  • you pay one affordable all-inclusive monthly installment for all your creditors

  • a dramatically improved cash flow

A consumer who cannot make regular payments or is in debted to his creditors under the agreement they signed, can apply fordebt counselling. The consumer applies for debt counselling with the help of a debt counsellor or consultant. The Debt Counsellor will explain to the consumer what debt review or debt counselling is, the process and the fees. The consumer completes and signs a debt counselling application form called a Form 16.

Form 16 together with supporting documents is handed over to the debt counsellor or consultant. The consultant will check that the form 16 is completed correctly and all supporting documents have been provided.

The details on the form 16 are captured by the back office admin staff. Within 5 days (normally sooner) all creditors are notified with form 17.1 that consumer is applying for debt counselling. The debt counselling application is now in process. No legal action from creditors is possible. A consumer can still apply for debt counselling if a Section 129 or 130 Notice is issued by creditor If you refuse to include even this then support may be affected.

The debt counsellor will take 60 working days. The creditor has 5 business days to confirm customer account details to debt the debtcounsellor. This is checked against what the consumer presented to debt counsellor. After 5 days, the creditor is reminded to give feedback. Another 10 days grace is given to the creditor. If the debt counsellor does not receive conformation from creditors, he may presume that the figure provided by consumer are correct. The debt counsellor will now determine if consumer is over indebt. The debt counsellor will now prepare a debt restructuring proposal to the creditors. The proposal must be sent 25 days from date of application. All creditors have 10 days to respond. If there is no response, the creditors will get a reminder and another 5 days to respond.
The proposal is finalised and will be sent to the Payment Distribution Agency to start the distribution to creditors.


Are you losing sleep over your debt problems? Do you wish you could live a debt-free life while concentrating on more important things than money issues? Would you like to be assisted by professionals who have the relevant expertise?

If you answered yes to these questions, contact Noco Financial Services today to begin your journey towards being debt free.

Noco Financial Services was established by Duncan Masehela in order to alleviate consumers from overbearing debt problems and advise them on budgeting as well as using the protection of the Credit Act.

As a Debt Consolidation Company, Noco Financial Services specialise in providing you with quality Debt Help ServicesFree Debt ReviewDebt Consolidation Options and solid Debt Consolidation, an opportunity to Solve Debt Problems and Consumer Debt Problems, valuable Consumer Debt Advice, Financial Debt Counselling and Debt Consolidation Management.

If you would like to find out more on these quality services and be at the forefront of our valuable advice, do not hesitate to pick up the phone and give us a call or visit our website for more information

Contact Us



Physical address: no 296 Schoeman street, Prime Towers, office 211

2nd floor, Pretoria Cetral, 0001       

Phone: 087 808 9804

Fax: 086 639 5364       

Cell: 071 236 9988






Physical address :

no 87 commissioner street           

central Johannesburg 2000,

3rd floor

Phone: 087 808 9778

Cell 072 977 1236