Updating of a Consumer’s Debt Review Status once the Debt Review withdrawal judicial process is complete
Prior to the National Credit Regulator’s Circular 9 of 2025 the National Credit Regulator (NCR) attended to the updating of the consumer’s debt review status as held on the NCR’s database. It is necessary that the NCR’s system is updated once the debt review process has been set aside by the judicial process or a […]
Data-retention periods for credit bureau information
Data-retention periods for credit bureau information The National Credit Act prescribes the maximum periods for which consumer credit information may be recorded on the consumer’s credit record. Regulation 17(1) of the National Credit Act sets the maximum periods for the retention of credit bureau information as follows: Categories of consumer credit information Description Maximum period […]