Every submission by the Black Sash to the DTI as well as the Micro Finance Regulatory Council (“MFRC”) has expressed our concern regarding the impact which reckless lending and selling has on consumer over indebtedness. We are therefore very pleased to see that the assessment of affordability is central to the National Credit Bill (“the Bill”). Placing responsibility squarely on creditors for reckless lending and selling is welcomed. This is especially necessary since our country has such high levels of financial illiteracy. The Black Sash believes that the Bill strikes a good balance between the rights and the obligations of both creditors and consumers.