How do you prove reckless lending?

Published by The National Debt Review Center on

We understand that dealing with debt can be stressful, and encountering a potentially reckless credit agreement can make things even more confusing. At the National Debt Review Center (NDRC), we’re here to help you understand your rights and explore potential solutions.

If you believe a credit agreement might be reckless, here’s what you’ll generally need to show to prove it in South Africa

  1. You must demonstrate that your income at the time of the agreement was insufficient to cover the loan repayments along with your existing debts.
  2. If the lender didn’t conduct a proper affordability assessment before granting the loan, it strengthens your case. See Here Examples of Required Reckless Lending Supporting Documents

Important Point to RememberIt’s generally your responsibility to present evidence suggesting the agreement was reckless.

Learn More about Reckless Lending

At NDRC, we have experienced debt counsellors who can help you understand your rights and explore solutions if you’re facing a potentially reckless credit agreement. We offer free, confidential consultations where you can discuss your situation and explore options like debt review, which can help you manage your overall debt and become debt-free faster.

Book with The National Debt Review Center

If you’re unsure about your credit agreements or suspect recklessness, don’t hesitate to contact NDRC. You can book a free consultation with one of our debt counsellors by clicking the booking button below or calling us at 0410125036

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How Do You Prove Reckless Lending

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The National Debt Review Center

The National Debt Review Center

Welcome to The National Debt Review Center, where financial stability and integrity are our guiding principles. We strive to deliver the utmost best in customer service & act with the highest standards of integrity.We are South Africa's best Debt Counselling & Debt Review Removal Company.NCR Registration Number - NCRDC3106

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