There has been a lot of hype on various media publications about the National Credit Act and more so about amnesty for those consumers whose credit reports reflect adverse information a.k.a. “blacklisted individuals”. The SACP has very much been at the forefront of this campaign for a clean slate for South African consumers.
The result? I hear you ask.
You will be pleased to know that the National Credit Regulator has listenned and we now have the Regulations on Consumer Credit Information (Section 73 Regulations) published.
The regulations state that the following credit information be removed from consumer credit records by no later than 1 June 2007:
- Adverse consumer credit information in respect of a debt of less than R500*;
Click here to continue reading ‘Credit Amnesty as per National Credit Act’
1) Step One
Contact the Credit Bureau:
Contact the same credit bureau which issued your credit report and log a dispute! (make sure you keep your reference number)
- TransUnion - call centre 0861 482 482
- Experian S.A. - call centre 0861 105 665
If your complaint has not been resolved, proceed to Step 2.
2) Step 2
Click here to continue reading ‘A Guide For Disputing Information on your Credit Report - South Africa’
This being the first blog, I’m finding myself sitting here think ..right… what do I write about??
anywhooo I should take que from you out there and ask the question… what do you wanna know about? In as far as personal credit goes that is! I may not be an expert but will certainly research what I don’t know.
Some suggestions on topic:
- Credit Bureaus and how they affect indiduals?
- ID Theft protection?
- National Credit Act?
The floor is all yours here so please comment so I can give you what you want (hopefuly)…
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