The National Credit Regulator (NCR) has issued a compliance notice to BMW Financial Services for charging consumers an on-the-road fee on credit agreements. The fee is not permitted to be charged on credit agreements by the National Credit Act, said the NCR on Thursday. “The Compliance Notice instructs BMW Financial Services to refund consumers and submit an audit report to the NCR. The National Credit Act allows consumers to be given a quotation which sets out the cost of credit before … [Read more...] about Were you charged an on-the-road fee for your new BMW?
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Good news if you are blacklisted in any way
In amplification of this article published recently on MyPE: Breathing space for black-listed consumers: The Department of Trade and Industry, on 27 February 2014, published the Removal of Adverse Consumer Information and Information Relating to Paid Up Judgments Regulations, 2014 ('the credit amnesty') which will come into effect on 1 April 2014. This removal is applicable to all consumers as defined by the National Credit Act (NCA). There are two parts to the credit amnesty information … [Read more...] about Good news if you are blacklisted in any way
