The National Credit Act and the National Credit Regulator

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You may have heard the names of each, but are not certain what they are. Here is a short summary of each: The National Credit Act (NCA) A new Act was made into law in 2007. It is called the National Credit Act (the NCA). The aim of the Act is to regulate how credit is granted, who can…

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Debt Review – What is the Process?

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In 2007, debt review was introduced with the National Credit Act. Its purpose is to assist people who are battling to pay their monthly repayments on their debt. This includes loan repayments, store cards, credit cards and accounts. Consumer debt remains high, with many households finding themselves looking for assistance in repaying the monies they…

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