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Our main objective is to educate consumers to understand the importance of self responsibility and keeping their financial credibility. We pursue to protect and create positive attitudes within consumers towards their financial obligations.
ONLY 23% of South Africans have money left at the end of the month, year-long research has shown.
The report was compiled to establish consumers’ levels of over-indebtedness and the types of debt they incurred.
More than half of consumers have to use 75% of their salary to make debt repayment.
While people with a lower income would resort to reckless lending. Credit Ombud deputy director, Riana Steyn, said they dealt with heartbreaking complaints from consumers who could not afford to repay credit providers. While the cost of living is rising, salaries remain the same.
Should you find yourself in the same predicament please contact us on:
+27 11 781 4154
Registration: Debt Counselors
Monitoring: compliance with the act.
Education and create awareness on the protection which the act offers.
Research the credit market and its trends.
Advice government on policy legislation.
Receive and investigate complaints and ensure that consumer rights are protected.
The Role of the NCR!