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Reckless Lending: You Could Lose Everything
'One of the greatest disservices you can do a man is to lend him money that he can’t pay back.' (Jesse H. Jones, entrepreneur) A recent High Court decision provides yet another cautionary tale for lenders. The stakes are high: get this wrong, and you could lose everything. Two big risks for lenders Before you lend, be aware of two major risks that you need to manage. Both are imposed by the National Credit Act (NCA): Not registering as a credit provider: If you lend money wit
King-Essack & Associates
Jun 104 min read


Lending to a Friend or Relative – When Must You Register as a Credit Provider?
'In life, we never lose friends, we only learn who the true ones are.' (Unknown) Lending money to a friend or family member in need...
King-Essack & Associates
May 31, 20242 min read
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