Consumer Protection in South Africa
Clear CREDIT RECORD NOW … before XMAS
Use your XMAS BONUS to CLEAR YOUR CREDIT RECORD
GSA ATTORNEYS are expert professional practitioners who will assist you to regain your life.
You need to obtain your FREE CREDIT RECORD from www.transunion.co.za/free
You need to obtain fully paid letters from each credit provider
GSA ATTORNEYS also remove debt review markers on your credit report
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Debt Review under the National Credit Act
Debt Review under the National Credit Act, Act has become extremely contentious for numerous reasons.
Since 2006 the credit industry has been dominated by the National Credit Regulator NCR, the courts an numerous commentators have criticised the way the drafters wrote and put the Act together, leaving many issues up in the air.
There have been numerous interventions by the NCR to correct and clarify, but unfortunately the end result has been a disappointment. Not least of all the consumers who the act was designed to assist.
The NCA act is one of two consumer protection act introduced under the 1994. Consumers have been left out in the cold for many years as vulnerable economic partners who remain vulnerable to arbitrary treatment from credit providers, especially the commercial banks.
At the heart of the Act is the requirement for detailed AFFORDABILITY ASSESSMENT, where the assessment process provides protection for both credit providers and the underdog consumer.
Mitigation of risk is a guiding principal which credit providers must adhere to and apply consistently when offering credit. The requirements as set out in the NCA is based on these common law principals.
The Act prescribes that the credit providers must adopt protocols and procedures to assess and ensure that the consumer is not one indebted in any way.
Section 81 NCA has three provisions which will be used by any person tasked to determine reckless lending
The first question is whether a affordability assessment was done.
The first issue which was created by the NCR at the time of implementing the Act in 2005 was the use of advisors. These so-called advisors can be identified as individuals who exercised undue influence over the first CEO Appointed at the NCR, by the government.
By 2009 the NCR realized that there is a need to interpret the Act and Regulations. Unfortunately, the CEO at the time did not have sufficient legal and other knowledge to deal with a complex set of new industry regulations in an industry dominated by the major commercial banks and other money lenders who could exert power and other instruments of cohesion over a weak personality.
The NCA became clouded with contentious interventions, including a TASK TEAM, report which actually was deemed to be part of the Act and Regulations. The industry and courts lost perspective and lost sight of the fact that the RULE OF LAW, remained in force even under a CONSTITUTIONAL DISPENSATION
The NCR decided apply for a so-called declaration from the High Court in 2009/10. The Pretoria High Court decided incorrectly to hear the application and grant relief by answering a list of predetermined questions from the NCR and argued by respondents, such as the banks and DTi.
The manor fault with the declaration of rights was that CONSUMERS were not represented and we must state that the High Court made a decision outside of their jurisdiction because the entities in who's favour the law was to operate was not represented.
The matters should have been referred back to the legislator in the form of a amendment.
Amendments to the NCA and the Regulations has been considered on a number of occasions and we have also noted that even this has failed to correct.
George Smith has been a distractor for many years and reprimanded the NCR CEO and his cronies plus the powerful banking lobby not to continue tampering with the NCA.
In recent cases in general, including Zuma -cases the Constitutional Court warned and restated the the RULE OF LAW applies in South Africa and must be the guiding principals.
The Rule of Law has it's origin in the Common Law and is not a set of rules discovered in text books. The common law remains in place under the Constitutional Law until specifically recalled by a new law.
The basic principal stated is that every person, court or government agency is subject to the written laws and common law principals not recalled in a Act of Parliament. The courts are also bound by the rules and one of the most interesting common law principals indicate that even the judge's may not legislate from the bench and attempt to change basic rules.
The courts when deciding certain issues may only suspend a principal at law until the parliament has decoded and amended the issue. The set rules must be adhered to for change no matter how slow and labourious the process is. The parliament is sovereign and expresses the wishes of the people.
The NCA has created the opportunity for masses of litigation in all the courts and the Tribunal. The cases are in the region of 1800 in the High Court alone. Billions of Rands have been lost by consumers.
In a nutshell the Rule of Law started id that is the Act, Regulations or Ministerial Proclomations do not refer to the matter it stands as in the Act until amended and proclaimed.
In cases where consumers have been wronged these cases must be reviewed if the Act was not followed strictly
Subjects will be discussed in detail and the WRING DONE TO CONSUMERS WILL BE CORRECTED
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TRUSTED ATTORNEYS ON-LINE
George Smith has 50 years of business and legal experience as a commercial attorney.
In 2007 he entered the CREDIT INDUSTRY to defend and advise consumers of their constitutional RIGHTS under the National Credit Act (NCA) and also the Consumer Protection Act (CPA).
He is deemed to be one of the most experienced attorneys in the field and is currently defending many cases where consumers are being protected against arbitrary litigation by BIG BANKS who have unlimited resources to crush any consumer and destroy them financially.
George is a elder attorney and he will not allow any bank to crush and destroy consumers. In recent years the National Credit Regulator NCR and the National Consumer Tribunal has shown an unhealthy institutional bias in favour of the major credit providers and banks
RECKLESS LENDING has become a high emotion; al issue as the Parliamentary Select Committee required the NCR to explain why few credit providers were being prosecuted for reckless lending which in many instances led to over-indebtedness and financial hardship for many South African Consumers.
GSA Attorneys is a boutique attorney practice dealing in CREDIT MATTERS and have the skills and capacity to assist consumer who needs legal assistance. We have devised numerous effective legal remedies which has in effect stopped much repossession of assets.
We are no longer in favour of debt review where the debt counsellors do not investigate reckless lending and other prohibited practices which favour credit providers
Since 2016 George Smith suspended being a debt counsellor, which enabled him to act in an unbiased way in favour of consumers
Contact George Smith on #wa0726237118 message we will assess and advise. REASONABLE LEGAL FEES APPLY
GSA Attorneys is in the process of bringing many cases to the High Court in Pretoria, this court has the most balanced+outlook on the NCA and tens to find for the consumers
Our offices are in Pretoria and Durban
899 Pierneef Street
PRETORIA
0181
Your Credit Record
Your credit record is used for many purposes including granting of credit, employment applications and insurance premium determination.
Whatsapp0726237118 message CLEAR
Your good credit record is worth Gold to you and keeping it clear and reflecting a good standing is critical for surviving economically in the 21st CENTURY
ALL THE CREDIT BUREAUX AGENCIES MUST BE REGISTERED WITH THE National Credit Regulator NCR, all the credit providers must report to the credit bureau through established data links.
The credit provider may not grant any credit if your record indicates adverse entries.
BEFORE APPLYING FOR CREDIT ENSURE THAT YOUR RECORD IS IN GOOD STANDING. You are entitled to one free credit report once a year which is used to detect errors and commission on your record.
The NCA ACT provides that only legal practitioners may intervene to clear bad records
The following entries may be challenged and removed:
1. PRESCRIBED DEBT
2. RESCINDED COURT ORDERS
3. INCORRECT ENTRIES
4. BLACK LISTINGS
5. DEBT REVIEW MARKERS
6. INSOLVENCY AND REHABILITATION ORDERS
Each of the listed adverse entries requires different legal interventions and steps to be taken to clear your record as soon as possible or to obtain relief from a court to re
GSA Attorneys are legal experts and highly experienced in removing adverse records in 2006 when the NCA became effective. We understand and know how to improve your credit score.
Our fee is R3000 for a comprehensive assessment and recommendations on clearance and we will clear all the adverse records which qualify Whatsapp0726237118 message CLEAR
We require you to draw a FREE CREDIT REPORT FROM www.TransUnion.co.za/free
The R3000 fee must be deposited to our Attorney Trust account and in most cases, the adjustments will show within 7 days. The trust account information is below certified by ABSA BANK
Absa account number 4092318647
Account type Current
Branch code 632005
GSA Attorneys
Statutory address
899 Pierneef Street, PRETORIA 0181
WhatsApp0726237118
We will quote separately for INSOLVENCY and RECESSION OF JUDGEMENTS
Absa BANK CONFIRMATION OF ATTORNEY TRUST
Confidential
Date: 05-04-2021
Confirmation of Banking Details (Non-Individual)
We have pleasure of confirming that MR G SMITH/ 4912035162082 has had accounts with Absa since 13/06/2017.
• This letter does not confirm funds or the conduct of the account in any way.
• This information is to be treated in the strictest of confidence and may only be used in the context in which it is given.
• This letter is a confirmation of the correctness of information supplied by the client, dependent on the information contained by the Bank’s system at the time that the request is submitted to the Bank.
• This letter is given in confidence and on request of our client.
Absa Bank and/or its employees will not be held responsible for any loss, damage or liability which may arise directly or indirectly from the provision of this letter of confirmation.
Yours sincerely
General Manager: Digital Channels
This document is intended for use by the addressee and is privileged and confidential. If the transmission has been misdirected to you, please contact us immediately.
Absa Bank Limited Reg No 1986/004794/06 Absa 5187 EX (Non-Individual) (17/09/2019) Authorised Financial Services Provider Registered Credit Provider Reg No NCRCP7
Account name S86(2)
Absa account number 4092318647
Account type Current
Branch code 632005
SWIFT code ABSAZAJJ
Reg no 1986/004794/06
05-04-2021
General Enquiries 08600 08600
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