Archive for Legal
Constitutional Court To Consider National Credit Act
Eva Smith (Attorney) @ Lucid Living A man who failed to set aside a default judgment after he could not honour the terms of his credit agreement with a bank has brought a challenge in the Constitutional Court, asking it to interpret a section in the National Credit Act (NCA) dealing with the serving of notice [...]
Read moreBank’s Customers Bear The Brunt of Court Ruling
Banks have responded to this judgment by threatening to increase the costs of credit, make access to credit more difficult and be less sympathetic to its customers when they experience financial difficulties.
Read moreCourt Ruling Leaves Over-Indebted Consumers Vulnerable
Eva Smith (Attorney) @ Lucid Living Debt counselling may not shield you from your creditors if they send you a letter of demand before you have applied for debt counselling. Related Posts:Bank’s Customers Bear The Brunt of Court RulingDebt Counselling: On the Business Side Why Paying Off Credit Cards Needs To Be Top Of MindIrresponsible [...]
Read moreConsumer Protection Act
Eva Smith (Attorney) @ Lucid Living The Consumer Protection Act (CPA), which came into effect on Thursday last week, significantly strengthens your rights as a consumer. Related Posts:Banks Protest Consumer Protection ActClarifying the CPA: Your Rights (Part 2)Landlords To Comply With Consumer Protection ActClarifying The CPA: Your Rights (Part 1)Cell Phone Contracts and The CPA
Read moreConsent To Judgment: Were You Properly Informed?
Adv Randolph Samuel @ Lucid Living An unsavoury practise, developed by credit providers, to obtain judgment against unsuspecting consumers may be at an end. Related Posts:Bank’s Customers Bear The Brunt of Court RulingIrresponsible AdvertisingCourt Ruling Leaves Over-Indebted Consumers VulnerableCourts Favour Consumers In Debt CounsellingDefective Products Put Money In Your Pocket
Read moreScrapping Your Credit Agreement
Trishika Veeragudu (Attorney) @ Lucid Living Nearly half of the 18.07 million consumers with credit in South Africa are struggling to meet their debt obligations, says Gabriel Davel of the National Credit Regulator. This maybe the result of: • The crippling recession that led to almost a million job cuts; • Consumers having over extended [...]
Read moreGet Earning: Accomodation Opportunities
By Tshepo Mogwane 2010 is finally here! We’ve talked about it and dreamt about the fortunes that would accompany it. And now the time has come to make all those dreams a reality. If accommodation rentals are your game, then you have every reason to feel excited about 2010. Whether you’re a property owner or [...]
Read moreTreating Customers Fairly
Treating Customers Fairly, once finalised will enforce uniform rules in line with the CPA, into one document to rule all of the financial service industry.
Read moreGetting Legal Wise: Avoid the FIFA Red Card.
By Adv Randolph Samuel @ Lucid Living “Forget the goals on the pitch, I plan on scoring a financial goal for the FIFA World Cup,” boasts Jason Roberts, a final year BCom student from East London. Roberts elaborates, “Every overseas visitor will want a unique souvenir, and I plan on providing it – 2010 FIFA branded [...]
Read moreDo Not “Pawn” Your Rights!
By Trishika Veeragudu (Attorney) @ Lucid Living “With the economic downturn weighing heavily on consumers, most unregistered pawnbrokers were making a killing out of vulnerable consumers because most of them were not registered or regulated” according to Thami Bolani, chairman of the National Credit Forum. Related Posts:Correcting Credit Report Errors (Part 2)Correcting Credit Report Errors [...]
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