Lax Administrators, Reckless Banks & Unaware Consumers

By |2018-01-03T15:14:39+02:00August 25th, 2015|debt administration, National Credit Act, National Credit Regulator, SA consumers|

Administration vs. Debt Counselling Credit providers are recklessly and unlawfully granting credit to consumers who are under debt administration, to the apparent indifference of their administrators. An administration order is an outdated debt relief method regulated by the Magistrates’ Courts Act (MCA), for consumers whose debts are below R50 000 in total. Whereas, debt counselling is a [...]