21 Dec Write-Off Wonder: How Reckless Credit Could Save You Money
Reckless Credit has become a widespread concern amongst South Africans overburdened by debt. Some serious repercussions and setbacks face consumers who default on their loans or monthly debt instalments. Lenders count on credit institutes and banks to follow the right protocols during the credit approval process, however many creditors still issue financing without properly assessing the risks involved.
While irresponsible practices by creditors have led to an increase in debt problems, there is a way that reckless lending could save you money. Consumer protection through the National Credit Act (NCA) is on your side, and being able to present your case to the court efficiently will play a big role in whether or not your Reckless Credit is written off. If you’ve entered an agreement that did not make sense, or if you were granted credit without first undergoing an affordability assessment, you may be a victim of reckless lending.
Can your Reckless Credit be written off?
The first step we will take in assisting you with your Reckless Credit is to investigate every aspect of your loan agreement. We will also check to see that the correct steps were taken for responsible lending, which should be followed by all lenders who are National Credit Regulator (NCR) registered. Our Credit Boost team represents your best interests and has extensive experience in successfully helping clients who were granted credit recklessly.
By violating their obligations under the National Credit Act and granting credit without following the proper procedures, loan providers put consumers in a difficult situation that could have easily been avoided. Responsible lending will always involve thorough checks, clear communication, and a qualifying affordability assessment. At Credit Boost, we can help you with a Reckless Credit service that investigates your creditor’s actions and holds them accountable. In return, your Reckless Credit could save you money.
If you suspect that Reckless Credit has or is leading to your financial demise, Credit Boost is here to help you build your case and benefit from the allegation, possibly even writing that debt off completely. Any credit provider is obligated to extend credit responsibly, in a way that aligns with the financial circumstances of a consumer. If you’re struggling to identify reckless lending or require professional insight, you could benefit from our expertise and the effective Reckless Credit service we provide.
The idea of entering into a loan or receiving access to credit without proper consideration is a scary one. While Reckless Credit is at the fault of the creditor, we always advise consumers to make use of reputable credit providers who are registered and prove themselves to be transparent and professional, for the best possible loan services.