The National Credit Act protects consumers during financial stress.
If you’re over-indebted, speak to a debt counselor and start the debt review process.
A debt counselor takes over your credit agreements and negotiates payment plans with your creditors.
They send monthly payments to your creditors to prevent legal action.
Administration works similarly but includes other debts and only applies if you owe less than R50,000.
The law bans new credit if you’re under debt review or administration.
We follow responsible lending practices and decline loan requests from over-indebted applicants.
If you’re facing financial difficulty, contact a registered debt counselor for help.
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