The National Credit Act Explained

Understand your rights under the National Credit Act (NCA) of South Africa. Learn about consumer protection and fair credit practices. If you are over-indebted, the Act provides for debt review as a formal mechanism to restructure your obligations. You can also check your credit score to understand how the Act affects your credit profile, or read our blog for practical guidance.

Key Provisions of the NCA

• Reckless Lending: Credit providers must assess your ability to repay before granting credit.
• Consumer Rights: You have the right to apply for credit, to be given reasons for credit refusal, and to access your credit records.
• Debt Relief: The Act introduced debt counselling as a measure for over-indebted consumers.