When the National Credit Regulator introduced debt counselling in 2007, it wasn’t clear whether foreign nationals are eligible for the programme or not.
Debt counselling is for everyone who is struggling with debt, subject to qualifying criteria. If you’re a foreign national the criteria is as follows.
You must have a valid passport or ID number
For you to apply for debt counselling, you will need some form of identification. A valid copy of your passport, or ID for permanent residents, will be required.
You must be permanently working in South Africa
Debt counselling requires that you make payments every month towards your debt. If you are a foreign national, you must present your payslip and a letter of employment to prove that you have a permanent job in South Africa. The debt counsellor will also confirm with your employer, just as they do with citizens.
Your debt must be with South African creditors
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Find out moreREAD MORE: How does migration affect debt counselling?
Additional documents when applying for debt counselling
Bank statements – Your bank statements will give a complete overview of your finances. They will show the consistency of your income and give an idea of your expenses. They will enable the debt counsellor to draw your new repayment plan.
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