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Filter: Credit Act
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Filter: Credit Act
 
 
14 December 2016
 
 
My company holds shares in a larger construction company worth about R5 million. I’m looking at selling my shares to an interested party that the construction company is also happ...

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09 November 2016
 
 
A buyer is interested in buying my flat. Her bank is not prepared to give her a loan because she is paying off a few personal loans, but she is prepared to enter into an instalment sale...

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11 August 2016
 
 
I have a small informal money lending business. A friend told me that she has read that even small credit providers lending money must now register with the National Credit Regulator. I...

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09 May 2016
 
 
I received a summons today from a credit provider that gave me a personal loan. I admit that I have missed a payment or two on the loan, but did not think that I was that far behind. Su...

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14 December 2015
 
 
I’m struggling to buy a car because I cannot get financing. I’ve had some financial problems which resulted in some of my accounts falling behind. All my debt is paid off at this point but my credit record shows that I am a &lsq...

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07 May 2015
 
 
The National Credit Amendment Act 19 of 2014 (“NCAA”) that came into effect on 13 March 2015 brought with it a number of important changes which will affect both the consume...

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07 May 2015
 
 
Buying property is an exciting step in any person’s life. One spends months searching for and researching properties until the right place puts up its hand and you know you are sm...

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14 April 2015
 
 
Prescription is a term used to indicate that the time period to institute legal proceedings against a debtor has lapsed. It is thus not a legal term that should be easily ignored, as ha...

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14 April 2015
 
 
Many of us will during our lifetime be requested at some point to stand surety for another person’s debt. But binding yourself as a surety for someone else’s debt is a risk that should be approached with circumspection and not b...

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24 August 2014
 
 
Are you a party to a loan agreement or a credit account thinking that the contact details you insert are a mere formality? You skip a payment or two every so often and circumvent the le...

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06 May 2014
 
 
Loopholes in the National Credit Act (“NCA”) have to date made it possible for credit providers to avoid certain provisions which were intended to be mandatory. The National...

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