The National Credit Act Explained

NCR Debt Counsellor

As The National Credit Act explained in 2005, consumers who use credit have rights and protections. Predatory and unfair lending practices are prohibited as is discrimination in lending and the reckless granting of credit. So, under this act, those who meet reasonable financial standards can finance a car, take out a loan and buy just…

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How to Choose a Reputable Debt Counsellor

You may wonder how to choose a reputable debt counsellor to assist with the restructuring of your debt. The National Credit Act allows for debt counselling for South Africans, so select one that has the total skill set. Choose a team of experienced financial advisors that understand and can clearly convey the benefits and legalities…

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Payment Holiday

Most financial institutions are offering free payment holidays to help people affected by the virus, including those who have lost their income. This will be of great help to South Africans but the concessions that are been offered should be seen as a last resort. Let me explain why. At the time of writing no…

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