South Africa: National Credit Regulator Warns of Illegal Credit Providers

The National Credit Regulator (NCR) has urged consumers not to enter into loans with credit providers that retain bank cards as a method of debt collection.

"Consumers are warned not to enter into loans with credit providers that use unlawful collection methods such as the retention of bank and South Africa Social Security Agency (SASSA) cards, as well as the retention of identity documents. Further, consumers are urged to only enter into loans with registered credit providers," NCR spokesperson Lebogang Selibi said.

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