Tag: National Credit Regulator
AI can improve debt collection systems
According to a report released in 2018 by the National Credit Regulator, of the 25 million ‘credit-active’ consumers in South Africa, a frightening 10 million were behind in their loan repayments. Even the World Bank has deemed South Africa to be the most indebted country in the world.
How to keep a healthy credit score?
South Africans’ appetite for credit shows no sign of abating according to the latest Consumer Credit Market Report released by the National Credit Regulator. The total value of new credit granted increased from R120.08 billion to R123.64 billion for the quarter ended September 2017, an increase of 2.96% when compared to the previous quarter and an increase of 5.21% year on year.
