n Personal Finance Newsletter - The National Credit Act - your rights : legislation
|Article Title||The National Credit Act - your rights : legislation|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jun 2006|
Extracted from text ... LEGISLATION The National Credit Act - your rights The National Credit Act came into effect on 1 June 2006, and has a far-reaching impact on how credit is marketed, granted, and administered. By STEVEN JONES MANY people have received an unsolicited letter from some or other institution, informing them that they have been granted a "pre-approved" line of credit. In some cases the institution concerned has actually opened an account in the name of the recipient, with a flash of the ID book being sufficient to unlock a whole world of credit. Most such solicitations end up in "File 13", ..
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