Cash 4 loans

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Cash 4 loans

Eagle Cash loans fined R250 000 for reckless lending. Cape Town The National Consumer Tribunal slapped Eagle Cash Loans, a strand-based credit cash 4 loans, with a R250 000 fine and cancelled its registration as a result of reckless lending practices, the National Credit Regulator (NCR) said in a statement on Monday. An investigation by the body business loans instant approval that Eagle Cash Loans lent recklessly to consumers and retained consumers bank cards and identity documents, which are in contravention of the National Credit Act.

We urge consumers to ensure that they only apply for credit from credit providers who are registered with the NCR. Credit agreements concluded by unregistered credit providers are unlawful and in contravention of the Act, Peters added. The NCR reminded credit providers that the overcharging of interest andor fees under a credit agreement is now a criminal offence.

Criminal charges will be laid by the NCR against credit providers overcharging consumers, Peters said. The National Credit Regulator resorts under the Department of Trade and Industry and is responsible for regulation of the South African credit industry and making sure credit cash 4 loans comply with the National Credit Act.

Cash 4 loans

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Cash 4 loans