Submission to the Department of Trade and Industry on the draft amendments to the National Credit Act no. 41274 Of 24 November 2017
12 February 2018
The Black Sash generally supports the amendment to make provision for debt intervention to accommodate those who are grant recipients who are considered as a vulnerable group for unsecured debt- taking into account their vulnerability exploiting their struggle to make ends meet while having secure income. The adverse impact of loans on recipients, especially where the loans are provided fraudulently, illegally and unlawfully by reckless lenders must be considered to protect recipients and impose harsh penalties on credit providers who are reckless lenders. The application process for debt intervention must be simplified to be user friendly with prescribed forms.