IS
Itumeleng S

1 reviews | Active since Sept 2019

30 Nov 2023, 09:36

Exuberant Interest Charged - Contravention of Induplum Rule

Hello Peter

Thanks kindly for getting SSDA to finally send me my statements after years of request.

I now know why they didn't want to send them from the onset as they've charged interest over 200% over the capital amount which is in contravention of the NCA's Induplum Rule. I have though responded to their email asking them to correct the interest charged inline with the NCA and haven't had a word nor acknowledgement of their receipt to my mail and next steps thereafter.

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Replies (1)
Shapiro Shaik Defries & Associates
Shapiro Shaik Defries & Associates's reply07 Dec 2023, 10:46
Official
Good day,

Please note that a response was sent to the email address provided.

SSDA Resolutions Team