Cancel Debt Review. Answered
The DEBT REVIEW process is a long term commitment. There are many reasons that a person goes under Debt Review. However as individual circumstances change over time; you may feel the need to remove yourself from debt review. Once you register for Debt Review you are automatically listed on the credit...
The Importance of the Judgment of Nkata v FNB on Consumers.
The case of NKATA V FIRSTRAND BANK LIMITED [2016] ZACC 12 is a landmark judgment by the Constitutional Court of South Africa. It addresses critical issues concerning the protection of consumer rights under the National Credit Act 34 of 2005 (NCA), specifically regarding reinstatement of a credit agreement after default. FACTS...
What is the National Credit Act of 2005?
The National Credit Act 34 of 2005 (NCA) is a South African law designed to regulate the country's credit industry, promote responsible lending, and protect consumers from abusive lending practices. The Act came into effect on June 1, 2007, and is administered by the National Credit Regulator (NCR). Here at Consumer...
What is a Summons Commencing Action Proceedings?
A Summons Commencing Action is a legal document issued by a plaintiff (usually the banks or other financial institution) to notify a consumer that legal action is being taken against them in court. It is the first formal step in a civil lawsuit and outlines the claim or relief sought...
Whats is a Section 129 Letter and what it means?
A Section 129 letter refers to a notice issued under Section 129 of the National Credit Act (NCA) 34 of 2005 in South Africa. It is a formal legal document sent by a credit provider (e.g., a bank or lender) to a borrower who has defaulted on their credit agreement. Purpose...
Why choose Consumer Credit Law.
Consumer Credit Law Consultants are experts at credit law. We have been in existence since 2008. Credit Law basically governs the relationship between credit providers and consumers. Whenever you apply for any form of credit from a personal loan to a home loan; these agreements are governed through the National Credit...