19/04/2016
reckless lending
Published by Ryan-Admin at 19/04/2016
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Ombudsmen Tackle Reckless Lending

Clive Pillay, the Ombudsman for Banking Services and Nicky Lala-Mohan, the Credit Ombud have taken a stand against reckless lending. Consequently, many consumers are having their […]
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08/09/2015
Credit Access
Published by Ryan-Admin at 08/09/2015
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Consumer Newsflash! Credit Access Just Got Trickier

  Credit Access and Affordability Amendments made to the National Credit Act (NCA) in March this year will come into force on Sunday, 13th September 2015 – […]
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12/08/2015
Published by Ryan-Admin at 12/08/2015
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Moneyline Financial Services – Reckless Lender to Social Grant Beneficiaries

Social Grants as Collateral Last year, the National Credit Regulator (NCR) referred Moneyline Financial Services to the National Consumer Tribunal for reckless lending. The Regulator discovered […]
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14/07/2015
Published by Ryan-Admin at 14/07/2015
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High Court Battle Won – War Against Unlawful EAOs Goes On

Judgement Day for Unlawful EAOs A week after Judge Siraj Desai ruled in favour of 15 consumers represented by the Stellenbosch Legal Aid Clinic in the High Court, the National […]
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07/07/2015
Published by Ryan-Admin at 07/07/2015
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Slight Relief for SA Borrowers – Lower Maximum Interest Rates Proposed

NCR Reviews Interest Rates and Fees  On 3rd July 2015, the Department of Trade and Industry (dti) published a Government Gazette Notice, which is now open […]
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09/06/2015
Published by Ryan-Admin at 09/06/2015
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How to Protect Yourself from Garnishee Abuse

What is an Emolument Attachment/ ‘Garnishee’ Order? When a debtor falls into arrears or defaults on debt payments, credit providers often appoint debt collectors to serve […]
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