National Credit Regulator | Consumers warned about dodgy lenders

Consumers have been warned not to borrow money from one of the 4 000 credit providers whose registration with the National Credit Regulator has lapsed. The NCR says it has over the years seen defaulting lenders that now form part of illegal and bogus service providers that often charge exorbitant interest, impose hidden and often illegal fees and use dubious collection practices. With the steep cost of living continuing to bite, some consumers find themselves at the mercy of credit providers who sometime are not legal. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.