What if a loan agreement is unlawful in terms of the National Credit Act?

We often hear about family or friends who decide to lend and advance money to a friend in need and then, for some or other reason, the friend cannot repay the money. A number of them when doing so, never take the provisions of the National Credit Act, Act 34 of 2005 (herein after referred … Continue reading What if a loan agreement is unlawful in terms of the National Credit Act?