by VDT Attorneys | Sep 15, 2022 | Credit, Credit Act, Credit assessment, Instant loans, National Credit Act, NCA
Many consumers are in need of a quick financial injection and the lure of these unsolicited requests to get a quick and ‘hassle free’ loan without lots of paperwork can seem quite appealing. Generally though, caution should be your first instinct as these...
by VDT Attorneys | May 20, 2021 | Bank, Credit, Financial
As a rule of thumb, when money is deposited into a bank account, it becomes the property of the bank, irrespective of who deposits the money, and the bank acquires a real right of ownership to the money deposited. The bank however owes the client a personal obligation...
by VDT Attorneys | Jan 3, 2019 | Credit, Credit Act
The credit industry is governed by the National Credit Act 34 of 2005 (“Credit Act”). A regulatory requirement of the Credit Act is that a person must register as a credit provider with the National Credit Regulator (“NCR”) if the total principal debt arising from the...
