Draft Amendments to Affordability Assessment

The National Credit Regulator (NCR) has released draft amendments to the affordability assessment regulations. These changes are designed to close loopholes that have allowed some credit providers to grant loans to consumers who cannot realistically afford them.

Key proposals include: - Stricter requirements for verifying discretionary income. - Mandatory inclusion of all maintenance obligations in expense calculations. - A standardized 'minimum expense norm' table that credit providers must use as a baseline.

The public is invited to comment on these draft amendments until the end of October 2025.

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**Related:** - Read the National Credit Act - Understanding your credit score - Find a debt counsellor