When did it become operational?- 1 June 2006 (partially)- 1 June 2007 (full effect)Why was this Act instituted?- To regulate the Credit Industry- To regulate Credit Bureaux- To regulate Debt Counsellors- To protect ConsumersHow will this Act protect ...
STEP 1- DC register consumer with PDA- Information imported in PDA � system- Proposal stageSTEP 2- PDA notify CP- CP verify information with log on systemSTEP 3- PDA import debit order instructions � everyday form DC electro...
DEBT REVIEW ORDER:- Applicable to all Credit Agreements within arms length with no monetary limitation, excluding judgements and non-credit agreements- Consumer cannot incur further �debts� except a consolidation loan- Credit ...
Initial Consultation: R50 / Applicant, If the client does not want to proceed with the review, there is an addition fee of R300 due and payable at time of interview if the consumer decides to withdraw and not proceed with application. Credit Re...