MicroFinance South Africa (MFSA) released a report, researched by Econometrix, making the case for increasing the caps on credit fees and interest rates that were set in 2007 with the promulgation of the National Credit Act.
According to Econometrix, Managing Director, Rob Jeffrey. growing antipathy towards garnishment orders, where lenders obtain court orders to deduct credit repayments directly from employees’ salaries, is wrong. And eliminating these orders would have a devastating effect on the economy.
OVAG Int. SA boosts collections performance by understanding collections business and employing key success factors. Our approach is to ensure payment is secured and a agreement is reached that is suitable with the clients before it reaches garnishing stage.
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