NATIONAL CREDIT REGULATOR

NATIONAL CREDIT REGULATOR: it is an independent body that regulates the credit industry. It is established in terms of the National Credit Act in order to manage disputes; register credit providers, credit bureaus and debt counsellors; and to ensure that consumer rights are protected among other functions.

Credit Records

In terms of the National Credit Act (“NCA”), credit may not be given to a person (“consumer”), if s/he is unable to repay such credit. A credit provider must determine a consumer’s creditworthiness by assessing his/her:
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