The prob­lem with on­line loan providers

Cape Argus - - METRO - S DLABANTU

I AM hav­ing a prob­lem with Loan Tracer and its le­gal rep­re­sen­ta­tive, Life­style Le­gal.

In Septem­ber, I ap­plied for a loan from Loan Tracer on­line. Its re­sponse on­line was that I will get an email from it, and should com­plete the ap­pli­ca­tion.

The next day, I got a call from a woman from its of­fice, mak­ing a fol­low-up on ap­pli­ca­tion. I told her I was no longer in­ter­ested in the loan.

I never took the loan. In fact, I never even com­pleted the ap­pli­ca­tion with the com­pany. I don’t use any of its ser­vices but, to my sur­prise, there was a debit or­der of R399 by Loan Tracer, which I re­versed. Now I am be­ing ha­rassed by Life­style Le­gal rep­re­sent­ing Loan Tracer.

I think my name might have al­ready been listed at the credit bureau as it told me that it had al­ready sent the sher­iff of the court for me.

I need your ad­vice or the name of the in­sti­tu­tion that will ad­vise me on this.

Ge­orgie: The Na­tional Credit Reg­u­la­tor last week re­leased a state­ment warn­ing con­sumers to avoid such “loan providers”. They’re in its sights – let’s hope ac­tion is fi­nally taken this year.

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