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Stellenbosch University law clinic goes after online loan companies

26 September 2019 6:28 PM
Tags:
Stellenbosch
loans
online loans

Senior prosecutor Stephan van der Merwe says they are planning a class-action lawsuit against more than a dozen online companies.

Stellenbosch University law clinic has filed papers in the Western Cape High Court in a proposed class-action lawsuit against more than a dozen online loan companies.

Senior prosecutor Stephan van der Merwe says the companies have misled consumers into entering into agreements and then launched a "barrage of threats and harassment" against them when they complained or didn't pay.

Van der Merve explains the merits of their affidavits.

There are the allegations that thousands of consumers have been misled by going into websites that are specifically geared in such a way as to create an impression that they are there to give people loans or to assist them with loan-finding services.

Stephan van der Merwe, Senior prosecutor - Stellenbosch University Law Clinic

They would use terminology like click this link to apply and what people find is that after they entered their details, amounts are debited from their bank accounts every month.

Stephan van der Merwe, Senior prosecutor - Stellenbosch University Law Clinic

Listen to the full interview below...


26 September 2019 6:28 PM
Tags:
Stellenbosch
loans
online loans

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