New Maximum Credit Life Rates Come into Effect in August 2017
Here is a quick look at the new maximum rates allowable. Be sure to check out the article in the coming issue of Debtfree Magazine (July 2017 issue). These changes will apply to insurance issued on new credit accounts after the 1st of August 2017 (not retrospectively).
Credit Life Insurance Regulations Slash Maximum Costs Consumers will no doubt benefit from the newly published Government Gazette Credit Life Insurance Regulations. The new regulations have lowered the maximums which can be charged in regard to this seldom claimed form … read more
New Laws To Protect Consumers There is currently a net of tighter regulation and legislation closing around those who are taking advantage of vulnerable consumers. Now, while more regulation and more laws are not always the best way to attack … read more
ABSA Ask About Insurance When a consumer takes credit they also have to have insurance on the credit. This is in case they die or (in some cases) become unemployed. Consumers cover these costs when they pay their monthly installment … read more
How to go about replacing credit life insurance with FNB A consumer has the right to decide who will provide the obligatory insurance on their credit. This (Credit Life insurance) is normally mentioned, briefly to a consumer when they apply … read more