When pawning an asset or borrowing money, be very careful about who you are dealing with, understand the terms of the loan and the risk taken and also make sure you know the rules under the National Credit Act as to the fees that are allowed to be charged.
Tag - National Credit Regulator
Your joint mortgage may form part of your partner’s debt review without your consent.
There is a misconception that debt intervention proposals currently being considered could mean that some debts are likely to be written off.
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?