A CREDIT PROVIDER enters into a credit agreement by lending money or offering credit to a consumer. It is of utmost importance that a credit provider must be registered under ‘the Act’ (NCA) and, with the National Credit Regulator (mostly referred to as the NCR).
According to ‘the Act’ (NCA): “in respect of a credit agreement to which this Act applies, means -
a)         The party who supplies goods or services under a discount transaction, incidental credit agreement or instalment agreement;
b)         The party who advances money or credit under a pawn transaction;
c)         The party who extends credit under a credit facility;
d)         The mortgagee under a mortgage agreement;
e)         The lender under a secured loan;
f)          The lessor under a lease;
g)         The party who advances money or credit to another under any other credit agreement; or
h)         Any other person who acquires the rights of a credit provider under a credit agreement after it has been entered into;”