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Credit Industry Code of Conduct

Credit Industry Code of Conduct for Combating Overindebtedness

1. Introduction By subscribing to this Code of Conduct, we, the credit industry, acknowledge that over-indebtedness and the consequential financial distress suffered by affected debtors and their dependents can have a significantly detrimental impact on society and on the sustainability of the credit industry. We support the provisions aimed at...
NCR and the Credit Bureau Dispute

Credit Bureau & Dispute Process

Background                                                                                      The National Credit Act 34/2005 (NCA) and the National Credit Regulator (NCR) became operational on 1 June 2006. The National Credit Regulator is responsible for the enforcement of the Act. What is a credit bureau? A credit bureau is a company that gathers information...
National Credit Act

National Credit Act Update

National Credit Act - Removal of Adverse Consumer Credit Information and Information Relating to Paid Up Judgements: Minister Rob Davies of the Department of Trade and Industries has signed has signed the regulations around Removal of Adverse Consumer Credit Information and Information in relation to Paid Up Judgements. The regulations specify the requirements, processes...