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Tag: Overdraft

Overdraft Facilities Now Impacts your Credit Reports
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Overdraft Facilities Now Impacts your Credit Reports

eriinfo.com2 weeks ago07 mins

While some South Africans may have been notified by their banks, many consumers are not aware of the recent change in South Africa’s credit reporting system, where banks are now required to report overdrafts if consumers are overdrawn by more than R500 for a period of 30 days. Having come into effect from 1st March…

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