05/05/2016
capitec

Capitec in Court for Reckless Lending

  Capitec Bank is facing legal action for alleged reckless lending with regard to their short-term credit facilities. Summit Financial Partners filed papers in the Stellenbosch magistrate’s […]
08/09/2015
Credit Access

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 – […]
26/08/2015
Tombstone

Brace Yourself for an Economic Catastrophe

South African middle-income groups should brace themselves for an impending economic catastrophe that would leave pervasive suffering and possibly even destabilisation in its wake. Though economics may […]
12/08/2015

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 […]
14/07/2015

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 […]
09/06/2015

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 […]