There is a misconception that debt intervention proposals currently being considered could mean that some debts are likely to be written off.
Tag - National Credit Regulator
Illegal loan sharks continue to operate across South Africa, using threats to collect payment, keeping customers’ bank cards and IDs, and charging interest rates so high that the client will never be able to pay it off.
After four months of debt review, a reader is so relieved and happy about the changes in his life, he wanted to share his story.
On 9 August, the new limits on how much a lender can charge for credit insurance came into effect.
The NCR is taking Standard Bank to court over the bank's use of the set-off principle to take money from clients to settle outstanding debt.
Disputed debit orders could lead to the collapse of the entire debt counselling industry unless the Department of Trade and Industry takes urgent action.
Amendments to the National Credit Act have set new maximum interest rates which can be charged on a loan, based on the repo rate.
If you have a bad credit record does this affect your prospects of getting a job, and does a good credit record improve your chances?
There are many fraudsters pretending to be credit providers and asking for money upfront, only to disappear once they have your money.
A referral by the NCR may see the removal of the Edgars Club fee.