NCR registered credit providers are professional lenders, lending under the guidelines set and enforced by the National Credit Regulators. This guiding body ensures a high quality and fair credit industry in South Africa. As the governing entity, the NCR are tasked with the enforcement of the National Credit Act (NCA) as well as:
The head of the professional elements of debt, the NCR keeps all in line with the industry and its standards. Furthermore, the NCR has registered credit providers displayed on their website. This makes it easier for consumers to verify whether a person or institution is registered. With a host of counsellors available across South Africa, our professional teams are proud to be a part of this registered body. Due to recent changes in the law surrounding lenders, all lenders must now be registered. However, this does not mean that every single person or business that lends money must register as a credit provider. They will have to register if they fulfill requirements by definition.
To find out more or to get some good NCR debt advice, don’t hesitate to contact us today. National Debt Advisors is a registered body, as well as a professional debt solutions company in South Africa.