Financial Services - Sandton, Gauteng, South Africa
Enelo Debt Services are licenced Debt Counsellors registered with the National Credit Regulator. Enelo is a xiTsonga name that translates to being "Enough". Our main objective is to ensure that we provide debt counselling that results in financial freedom to South Africans who have had enough with debt. Our approach is to provide solutions that are governed and are aligned to the National Credit Act.Debt counseling manifested because of the introduction of the National Credit Act (NCA) in 2007. Since then, about 402 000 consumers have applied for debt counseling, over R10 billion has been paid to credit providers by consumers in debt counseling, and every month about R255 million is collected from consumers in counseling and paid over to their creditors. It is estimated that 110 000 consumers are in debt counseling.
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