National credit act – amendment bill

Credit Providers contract various Service Providers and Agents in the Credit Risk and Recoveries process such as, but not limited to: Attorneys, Debt Recovery Agents, Managing Agents, Credit Bureaux, Electronic Payment System Operators, Tracing Agents, Factoring Houses and Auctioneers to sell the debt. The issue of “what” to embody in the various contracts and “how much” to charge either the Credit Provider or the Consumer remains an issue for debate – or as we prefer to say: “It’s as clear as mud”. Read more