What is Debt Counselling?


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Debt counselling is a formal and closely managed debt solution, introduced by the National Credit Act in 2007. Noko finacial services debt counsellors guide clients with debt problems through debt review, enabling them to make monthly debt repayments and gain financial stability.


Noko finacial services debt counselling process helps clients who are struggling to make debt payments, by entering them into a structured debt repayment plan with their credit providers, in order to ensure they take firm control of their financial situation and settle their short and long-term debt.


Noko finacial services has mandates with 95% of credit providers to extend the terms and reduce interest rates down to zero if necessary. Noko finacial services aim to get clients debt free in 60 months. With 90% of Noko finacial services debt review proposals to credit providers being accepted, debt counselling can be considered as a highly effective method of becoming debt free.


Benefits of debt counselling:


Debt counsellors will formally review the clients finances, develop a suitable monthly budget and negotiate with credit providers on their behalf

Enables clients to make monthly debt repayments

Relieves clients from creditors hassling for money

Prevents clients from declaring bankruptcy

Maps out the path for reducing bad debt and becoming debt free

Decreases summonses and judgements against clients

Noko finacial services debt counsellors will educate clients about their financial rights and how to work better with their finances

Qualifications for debt counselling in South Africa:


Determined by a Noko finacial services debt counsellor, clients will be classified as over-indebted and considered for debt counselling “if taking all financial circumstances into consideration, a client is deemed to be unable to repay their debts”.

Legally, clients applying for debt counselling, must be employed and earning a monthly income

Most importantly, Noko finacial services debt counsellors aim to give clients hope for a future of financial wellbeing and the ability to borrow credit again.

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