Just below 50% of South Africa’s credit active consumers are struggling with debt, and according to statistics released by the National Credit Regulator (NCR), the number of consumers with impaired records had increased by 71,000 to 9.76 million up from 9.69 million in the previous quarter. However, there is help at hand for consumers who are struggling to...
Read MoreThe debt-counselling industry on Thursday opposed self-regulation by banks when assessing the affordability of applicants for credit approval. Instead they want the minister of trade and industry to publish regulations on guidelines as proposed in the National Credit Amendment Bill, in consultation with the industry. They said current requirements that credit...
Read MoreDebt counsellors should inform their clients that the National Credit Act (NCA) does not allow for debt relief from e-tolling fees, the SA National Roads Agency Limited (Sanral) said on Wednesday. “Responsible debt management firms must advocate that these individuals register for an e-tag in order to ensure they incur the lowest cost possible should they wish...
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