Tribunal zaps lender for inflated interest rates

By Staff Writer

Tribunal zaps lender for inflated interest rates

By Neesa Moodley-isaacs
From Personal Finance

The National Consumer Tribunal has demonstated its power to protect you from unscrupulous credit providers. The National Consumer Tribunal has started flexing its muscle. Last week it ordered an unscrupulous credit provider to reimburse consumers who were charged exorbitant interest rates of up to 240 percent .

Justmoney.co.za says:

The National Credit Act (NCA) is here to protect you. Justmoney.co.za only deals with reputable players, if you need to calculate and consolidate your debt, or want to find a debt manager, Justmoney.co.za is here to help.

Recent Articles

Featured How to prepare your car for a long-distance trip

We consider preparations needed to undertake a long-distance road trip.

Should you take out a loan or rent-to-own?

We compare personal loans to new finance models that are emerging, such as rent-to-own, which offers the same solution in a different format.

Why "insurance fronting" for your children is a bad idea

We examine the consequences of “insurance fronting” for your children and investigate legal ways to decrease your children’s premiums in South Africa.

Are you paying too much in bank fees?

We find out how you can bank with savvy, to best manage fees and charges.


Latest Guide

Guide to debt rehabilitation solutions