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Can a bank refuse to hand over your car logbook


car log book held by bank

Can a bank refuse to hand over a car’s logbook? Wendy Knowler | 2017-05-02 08:53:43.0 Can a bank refuse to hand over a National Traffic Information System (Natis) document to a car owner who never fully paid off the car, even if that debt has prescribed? It’s a tricky question, and one that crops up in my inbox fairly regularly. More than 20 years ago, car owners were issued with registration certificates or “logbooks”, whether the car was financed or […]

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Credit Bureau Report September 2016


Consolidate All your Debt The information reflected in this edition of the Credit Bureau Monitor covers the period from the quarter ended September 2012 to September 2016, and is based on data held by registered credit bureaus in terms of the National Credit Act No 34 of 2005. 1 Summary Credit bureaus create consumer credit profiles based on credit information received from credit providers, courts and utility service providers. The National Credit Regulator (NCR) regulates and monitors registered credit bureaus […]

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Consolidate all your debt into 1 monthly repayment


Consolidate debt – all your debt into 1 monthly repayment Consolidate all your debt – all your debt into 1 monthly repayment Legally through the National Credit Act debt trap, assist debt, debt assist, debt, debt counselling, debt review, debt relief, debt counselling association, NCR, national credit act, credit regulations, debt rescue, debt consolidation, sequestration, insolvency, bankrupt, debt counselors, debt restructure, debt repayment plan, debt management, help with debt, debt consolidation, debt sense, national consumer tribunal, consumer debt, consumers, credit provider, […]

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Unsecured credit remains in spotlight


Unsecured credit remains in spotlight http://www.assistdebt.co.za Johannesburg – Unsecured credit increased by 9.14 percent (R1.73 billion) in the quarter ended June compared with the quarter ended March, while the year-on-year increase was 18.1 percent (R3.16bn), the National Credit Regulator (NCR) said. Unsecured loans – loans issued and supported only by the borrower’s creditworthiness – is in the spotlight as government has been taking steps to rein in unsecured lenders amid reports that they are charging exorbitant interest rates and initiation […]

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Law Failing Consumers Drowning in Debt


Law Failing Consumers Drowning in Debt - Debt-Elimination

Law failing consumers drowning in debt http://www.assistdebt.co.za The National Credit Regulator (NCR) needs more muscle to deal with rampant reckless lending, the Department of Trade and Industry (DTI) says. It needs the power to carry out “proactive” investigations, impose fines on reckless lenders and order compensation for consumers. So the DTI has proposed amending the National Credit Act (NCA) accordingly. As it stands, the Act prohibits reckless lending and makes it the job of a debt counsellor to check whether […]

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South Africas Debt Headache


Maxed out SA’s debt headache

Maxed out South Africa’s Debt Headache http://www.assistdebt.co.za South Africans are headed into the new year with a debt hangover that’s going to pound their heads far worse than any babbalas headache. And it’s not going to get better. They are maxed out. Experts are warning that 2016 will be extremely tough on the pocket and that consumer debt is in a state of crisis. They cite rising food prices, likely interest rate hikes, a bleak jobs outlook and festive season […]

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Little Loans can get you into BIG Trouble


Little Loans can get you into BIG Trouble

 Little loans can get you into big trouble http://www.assistdebt.co.za Reporters like me can get up to 15 press releases a day. A few are excellent: the message is useful and well crafted. Most are okay – the copywriter has found a topical angle in an attempt to make punting their client’s product newsworthy. And then there are those that are downright bad, like the one issued on behalf of LittleLoans.co.za last week. This is not a rant about bad press […]

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