The Role of the NCA

NCR Debt Counsellor

The National Credit Act was introduced as a means to help curtail reckless lending. The Act came into effect in June 2007. Before 2007, it was relatively easy to borrow money, or apply for hire-purchase, regardless of whether your affordability was such that you could in fact pay back the loan or the repayments on…

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Understanding Your Financial Status

Your financial status refers to your credit score. It doesn’t refer to your standing within your community, but rather your affordability. A credit score is a statistical number that evaluates a consumer’s creditworthiness and is based on credit history: number of open accounts, total levels of debt, and repayment history. Lenders use credit scores to…

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