NCR - National Credit Regulator

NCR - National Credit Regulator The NCR's mandate is to: promote and support the development of a fair, transparent, responsible, efficient and effective consumer credit market.

We are NCR Complaints pressure group (registered NPO) making sure NCR keeps to its mandate. We help Pro-bono

My 2023 so far in a nutshell... Genuine hug - no fake love. Pure intentions. Good vibes.
03/03/2023

My 2023 so far in a nutshell... Genuine hug - no fake love. Pure intentions. Good vibes.

Consumers must be careful about credit agreements containing unlawful provisions. A provision of a credit agreement is u...
21/05/2022

Consumers must be careful about credit agreements containing unlawful provisions. A provision of a credit agreement is unlawful if, for example, it expresses an agreement by the consumer to hand over to a credit provider their identity document, credit or debit card, bank account, or automatic teller machine access card, or any similar identifying document, i.e. Sassa card or device or provide a personal identifying code or number to be used to access the account

It is illegal for any credit provider to hold onto your documents or property.
21/05/2022

It is illegal for any credit provider to hold onto your documents or property.

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24/02/2022

For quick response follow us on Twitter. Scan the code. Search for

Prescribed debt is the term used to describe all consumer debts that are past the prescribed time period where the borro...
25/09/2021

Prescribed debt is the term used to describe all consumer debts that are past the prescribed time period where the borrower is still liable for their debt by law. For more information feel free to contact us.

22/09/2021

MONEY CLINIC | Is there any truth to ads suggesting SA women can have their debt over R50k cut?
Consumers should be cautious when it comes to such ads. If something seems too good to be true, then it may actually be.

When a consumer enters into a credit agreement, they agree to paying the full amount, and should they find themselves being overburdened by debt, the National Credit Act (NCA) provides options such as debt counselling that consumers may make use of. And before a consumer decides to go under debt counselling, it’s safe to approach the National Credit Regulator (NCR) to get a registered debt counsellor who will assist you to pay off your debt.

The NCA regarding debt intervention was published on 19 August 2019. The Act makes provision for regulations before the debt intervention may be implemented and for the readiness of the NCR. The effective date is yet to be determined by the president.

When in place, debt intervention will be available to consumers earning less than R7 500 a month and with unsecured debts of less than R50 000.

Lower-income individuals who are deemed to be indebted will have their debts restructured. At this stage, any entity purporting to offer debt write-offs to women or men must be approached cautiously, as these may be social media or online scams. Debt intervention is not in effect.

22/09/2021

Feel free to ask question about credit, debt counselling and credit score. We will assist and answer all your questions related to NCA (National Credit Act).

Address

Midrand
1683

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00

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