Current Payday Law Status: Payday Loans Are Acceptable In The State Of Idaho. Eagle Cash loans fined R250 000 for reckless lending. Cape Town The National Consumer Tribunal slapped Eagle Cash Loans, a strand-based credit provider, with a R250 000 fine and cancelled its registration as a result online personal loans ohio reckless lending practices, the National Credit Regulator (NCR) said in a statement on Monday.
An investigation by the body revealed that Eagle Cash Loans lent recklessly to consumers and retained consumers bank cards and identity documents, which are in contravention of the National Credit Act. We urge consumers to ensure that they only apply for credit from credit providers who are registered with the NCR. Credit agreements concluded by unregistered credit providers are unlawful and in contravention of the Act, Peters added.
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Stay away from this lender. Great service. Strongly recommend to avail benefits from Nextcredit for instalment loans. I wish they operated in more states. Very good company. - andrewsmith.
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