Please Note
Video: National Credit Act Amendments─── 14:27 Tue, 04 Mar 2014
Pretoria - Regulations for the Removal of Adverse Credit Information and Information Relating to Paid Up Judgments were published last week.
This after extensive and robust public consultation, including with Parliament and the relevant provincial authorities.
Government says the public consultation process indicated overwhelming support for this process, which is aimed at removing barriers to, amongst other things, employment opportunities, rental accommodation, as well as access to credit to those consumers that can afford it.
Government says the public consultation process indicated overwhelming support for this process, which is aimed at removing barriers to, amongst other things, employment opportunities, rental accommodation, as well as access to credit to those consumers that can afford it.
It says this is not about removing the obligation on consumers to re-pay debt owed by them to credit providers. Instead, it seeks to create the incentive for consumers to re-pay their debt better and timely.
Video: Bdlive
