The National Credit Act (NCA) became effective on 1 June 2007. The NCA aims to protect you
from over-indebtedness and undue risk. 4U Finance is fully supportive of the Act and has
implemented the necessary policies and procedures to meet the requirements.
The Act also created a fair and non-discriminating lending market. The Act determines the
way you apply for and get access to credit but the greatest impact is on the credit
providers, the banks.
As a responsible originator we support the NCA because we believe in meeting the financial
needs of our clients and the other communities in which we operate.
The NCA will ensure the following:
The Banks lend money in a responsible manner;
Clients are not allowed to borrow more than they can afford to pay;
If clients are over indebted they can apply for debt counseling.
The NCA has changed the process of applying for a home loan. Securing one through us,
however, is still easy. At 4U Finance we know how to navigate the new law to secure
your home loan. We will do the paperwork and negotiate a better interest rate, hassle free.