Reckless Lending Durban

The picturesque coastal city of Durban can be found in eastern South Africa, KwaZulu-Natal. Here you will find the scenic Golden Mile beachfront, uShaka Marine World and the verdant Botanical Gardens.

As gorgeous as this seaside city is, you will also find reckless lending in Durban. Of course, reckless credit granting is a countrywide problem – from Cape Town to Johannesburg to Pretoria.

The National Credit Act (NCA) plainly states that lenders are required to do proper affordability assessments before granting credit. Basically, lenders must ensure that you can still afford your basic living expenses, before extending credit.

Often, consumers cannot afford the bare necessities as costly instalments and interest rates are deducted from their bank accounts every month. They then apply for more reckless credit loans just to make it to the end of the month.

These consumers should not be granted credit, as it will absorb the money they need for food, transport, rent and other essentials. They then end up over-indebted due to debt obligations that are too high. If you are struggling to make ends meet in this way, please get in touch with us for help today.

We cater for all citizens in South Africa. This includes Midrand, Randburg, Soweto , etc.