Impact of National Credit Act

To ensure well executed debt collections services Rain Debt Solutions would like to include the following highlighted sections of the NCA as in-direct impacts in the collection process with debtors. These impacts do have a defined impact on our client’s debtors, system capabilities and therefore RAIN’S approach to ensure that all regulatory requirements are met. Protection of consumer credit rights Right to confidential treatment Over-indebtedness Reckless credit Default notices Debt procedures in a court Debt Counsellor Debt restructuring