Tag: NCA
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Rental Defaulters – Landlords Knocking!
Jul 05 2010
Recent High Court decisions brought good news for landlords and body corporates. The decisions held that defaulting sectional title owners and tenants of leased property cannot hide behind the debtor protection provisions of the National Credit Act. In summary, the NCA debt counselling process, with its inherent delays and risks for the creditor, does not…
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Real Estate’s Tsunami
Oct 06 2008
At the turn of the century the Y2K hoax was all the rage. Warnings of computers crashing, financial sector meltdowns, and global chaos occurred weekly. Amidst all this any forecast of the pending property boom was ignored. Soon after 2000, property prices began to gather momentum and the growth in property values around the world…
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Humour in Adversity
Sep 06 2008
While many people were able to became home owners during the housing booms, there were those who overextended themselves, be it buying a first home or an investment property, and are now struggling to come to terms with the new market. We have much to be thankful for when we compare the situation many people…
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Buy-To-Let Market Becoming More Attractive
May 08 2008
The buy-to-let market saw significant growth from 2003 – 2006 as a result of a favourable economic climate and low interest rates. This made it easier for prospective buyers to own property which resulted in: 1. Fewer tenants, since more tenants could afford to buy their own property 2. A surge in rental properties coming…
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FREE Credit Bureau Report
Oct 21 2007
In term of the National Credit Act (NCA) you are entitled, in the month of your birthday, to a free credit report.
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What is the NCA?
Sep 17 2007
The National Credit Act came into effect on the 1st of June 2007 with all Credit Providers being required to comply with the Act in order to continue lending. Its main objectives are to: – alleviate the over-indebtedness of consumers; and – regulate the credit industry