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OVER-INDEBTNESS AND POTENTIAL RECKLESS CREDIT REPORT

Since 1 June 2007, Reckless Credit Assessments were a mandatory duty imposed by the National Credit Act 34 of 2005, in sections 80 – 84 on all Debt Counsellors but was very seldom done. On 22 February 2018, the National Credit Regulator implemented a new fee of R 1,500.00 for Reckless Lending investigations to Debt Counsellors who now do not have any excuse not to investigate Reckless Lending.

Therefore, iDocs in partnership with iBureau has developed a one-of-a-kind Over-indebtness and Potential Reckless Credit Report to assist Debt Counsellors to adhere to the Act and simplify and automate the process of assessing the consumers financial situation.

 

For more information contact Neville Eksteen – 079 805 2942 – neville@intelento.co.za

In Partnership with iBureau https://www.ibureau.services/