Desperate consumers targets for bogus credit advertisers

The Credit Ombudsman has warned consumers not to fall for bogus credit providers who take advantage of their desperation to access cash.

Speaking to 702's John Robbie, Nicky Lala-Mohan said that many consumers are falling prey to illegal credit providers who forego due process and have exorbitant repayment terms.

It targets the vulnerable consumer that won't normally qualify for credit in the formal market because they are over-indebted.

Nicky Lala-Mohan, Credit Ombusdman

Listen to the interview below:

The National Credit Regulator (NCR) has issued compliance notices to various companies, warning them against the unlawful practices.

Lala-Mohan advised consumers to seek debt counselling as an alternative avenue to manage their finances instead of spiralling into more debt.

When people say blacklisted welcome and no credit checks then it's illegal. You won't, you cannot do that.

Nicky Lala-Mohan, Credit Ombudsman
Read More
Major medical breakthrough: New gene pegged as cause of heart attacks in youth

Major medical breakthrough: New gene pegged as cause of heart attacks in youth

This is being called the biggest medical advancement in South African cardiology since Dr Chris Barnard's first heart transplant.

Parents urged to check tertiary institutions are legit before registering kids

Parents urged to check tertiary institutions are legit before registering kids

The Council on Higher Education says parents need to be wary of the increasing number of fly-by-night tertiary institutions.

New app to detect hearing loss

New app to detect hearing loss

University of Pretoria has developed a new app which uses a smartphone to detect hearing loss.

UK prison officers manage to quell mass inmate riots

UK prison officers manage to quell mass inmate riots

Britain recorded the worst prison riots in 26 years after 600 inmates at a prison in Birmingham embarked on a 12-hour riot.

Gauteng tops drunk driving offences since start of the festive season

Gauteng tops drunk driving offences since start of the festive season

Traffic authorities have arrested more than 3 000 people for various traffic offences, with drunk driving as the leading offence.

2016 news wrap: A look back at the stories that grabbed SA's attention

2016 news wrap: A look back at the stories that grabbed SA's attention

Barry Bateman spoke to Stephen Grootes to unpack the meaning behind the stories that dominated the headlines in 2016.

Popular articles
What men need to know about checking for prostate cancer

What men need to know about checking for prostate cancer

Urologist and sexual health expert Dr Shingai Mutambirwa says it's vital for men above 40 to check their prostates annually.

"I'm no longer going to watch Isidingo"

"I'm no longer going to watch Isidingo"

Will Isidingo lose viewership over it's episode tackling racism?

Why SA remains unequal despite government intervention

Why SA remains unequal despite government intervention

The latest Gini index reveals SA is one of the most unequal countries in the world in terms of income distribution.

[Listen] SA's youngest female PhD grad opens up about her achievement

[Listen] SA's youngest female PhD grad opens up about her achievement

23-year-old North-West University student Musawenkosi Saurombe aces her PhD thesis passing with no amendments.

Mandela's granddaughter calls for Jacob Zuma to step down

Mandela's granddaughter calls for Jacob Zuma to step down

Ndileka Mandela says it's a blatant "No" when asked if she will be voting for the ANC in the next elections.

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

Terror expert explains why Hawks probe on coup plotter arrest doesn't add up

A man who allegedly plotted assassination of prominent South Africans including Zuma, Guptas and Maine is set to appear in court.

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Warder recalls "prison hell" as he retires after four decades at Pollsmoor

Chris Malgas speaks about his experiences as a prison warder at the notorious Pollsmoor prison for four decades.