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Affordability Assessment - How Far Should Credit Providers Go?


A significant number of South Africans are finding it challenging to honour their debt obligations, thereby resulting in some being declared over-indebted. To curtail this state of affairs, the National Credit Act places an obligation on credit providers to undertake affordability assessments before granting credit to consumers.

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Posted by Cor van Deventer on Monday, December 4, 2023 Views: 28