InfoisInfo South Africa

Reckless Lending
Legal in Cape Town

reckless-lending.co.za/
Show number
Remember you found this company at Infoisinfo (08) 7702 543?

Address

15 Riebeek Street Westbank House 1st Floor. Cape Town. Western Cape. 8001
Map not available


What you should know about Reckless Lending

Loan in Cape Town, Bank in Cape Town, Counsellor in Cape Town, Banking in Cape Town

If you suspect that you have entered into a reckless credit agreement and need someone to fight for your consumer rights, you can contact us at http://reckless-lending.co.za/ by filling out the contact form and we'll call you back to discuss getting your debts written off!. At Reckless Lending, we fight for your rights as a consumer under the National Credit Act and take legal action on your behalf to have your debts reduced or written off, when credit providers, lenders or banks take advantage of you.
If your current financial circumstances have deteriorated or you have fallen into arrears as a result of taking out a loan , these could be indications that the lender did not do their job and that the credit agreement is reckless.
Credit providers are obligated to perform affordability assessments on you when you apply for credit, to establish whether or not you are capable of making regular instalments back to them in the following months, to pay off your loan.

The investigation directed by the National Credit Regulator uncovered that Moneyline Financial Services has given credit to clients who receives child support and foster child grants for the upkeeping of their kids. Moneyline Financial Services supplied credit to customers who receives social stipends without evaluating their credit history. Moneyline Financial Services does not keep and maintain documentation in support of the affordability evaluations in relation with customers’ income and credit repayment history. We are a team of experts who specialise in dealing with cases of reckless lending. We get financial redress for our clients by conducting in-depth investigations into your credit agreements. We will then go to court and apply for these credit agreements to be declared as such and your debts to be written off. Should the credit provider fail to conduct such assessment, any credit agreement entered into between the credit provider and the consumer is classified as reckless lending or reckless credit irrespective of what the outcome of the assessment might have been. Should the credit provider conduct an assessment and conclude that the consumer does not understand the risks, costs and obligations created by the proposed credit agreement, but still enters into the credit agreement with the consumer, such credit agreement is classified as reckless lending or reckless credit. Should the credit provider conduct an assessment and conclude that entering into the proposed credit agreement would cause the potential consumer to become over-indebted, but still enters into the credit agreement with the consumer, such credit agreement is classified as reckless lending practice. The banks have an obligation to perform suitability or eligibility tests in order to assess your affordability to make the regular payments.
Read more...

Social networks

Photos and videos

Additional information

  Opening times Opening Closing
   Mondays to fridays 8:30 AM 5:30 PM
   Saturday Closed
   Sunday Closed

Reviews of Reckless Lending (0)

Do you own a business?
We help you grow it

Get more clients, visibility and branding.
Let us help you achieve your targets and improve your business.

Add your company