by Moeshfieka Botha | Apr 14, 2021 | Personal Finance
Are you really a victim of reckless lending? The practice of reckless lending was firmly put under the spotlight with the introduction of the National Credit Act 34 of 2005 (NCA) and subsequent amendments and affordability guidelines provided in the Act, in 2013....
by Moeshfieka Botha | Jun 11, 2020 | Personal Finance
Reckless lending Q+A Q: What is reckless lending? A: RECKLESS LENDING: The National Credit Act (NCA) says that a credit provider must not enter into a reckless credit agreement with you, the consumer. A credit agreement is reckless if, at the time it granted the...
by Ryan Osborn | Sep 14, 2016 | NDA Blog
Reckless Lending: no to the garnishee order Reckless lending is taking knocks, left, right and center Reckless lending is a huge financial burden on some and is still prevalent across South Africa today. This occurs when credit providers enter into a credit...
by Marian | Jun 10, 2016 | NDA Blog
NCR Dodges Questions about Reckless Lending at African Bank It is shocking and deeply troubling that the National Credit Regulator (NCR) declined to divulge information to investigators compiling a report about the collapse of African Bank. The NCR is the body...
by Marian | May 31, 2016 | NDA Blog
Capitec Bank to Fight Reckless Lending Charges Capitec Bank, a major provider of unsecured loans in South Africa, has lodged its opposition to Summit Financial Partners’ reckless lending charges and is set to submit responding court papers in early June. During...
