Following the introduction of the debt review process by the National Credit Regulator in an attempt to assist the surge of over-indebted consumers who cannot meet their debt obligations, Kirsten Reynolds, Marketing Executive at online lender GetBucks , a leading responsible lender of credit in South Africa, says while debt review may seem any easy way out of a tight financial situation, consumers should be aware of the process, duration, and costs involved.  “Despite credit bureau, Compuscan ’s, statistics indicating that of the 19 273 105 local credit active consumers, 532 718 of these are currently under debt review and 87 706 in the process of applying for debt counselling, many are still unaware and therefore often surprised when it comes to the costs associated with the debt review process. Here, in addition to their debt restructuring fee, debt collectors are within their rights as per the NCR’s counselling fee guidelines to charge for a range of services.” Some of the...