ADVERSE CONSUMER CREDIT INFORMATION: it is information of a consumer which includes classification of consumer behaviour such as “default”, “slow paying”, or “not contactable”; classification of actions such as “handed over for collection or recovery”, “legal action” or “written-off”; details and results of disputes lodged by consumers irrespective of the outcome of such disputes and so on.

Credit Records

In terms of the National Credit Act (“NCA”), credit may not be given to a person (“consumer”), if s/he is unable to repay such credit. A credit provider must determine a consumer’s creditworthiness by assessing his/her: