New Guide to NCA Available - 09-16-08

September 16 - One of the most difficult things about purchasing a home in the current South African property market is wading through all the information (and misinformation) regarding the issue of credit.

By now, it is no secret that the times of walking into any bank, applying for a home loan or a bridging loan and then waiting for it to be approved are long gone. Today, the average potential home buyer will need to do some serious homework, usually with the assistance of a financial expert or a bond originator, in order to check whether there is even a chance of receiving approval on that home loan application.

Changes began to happen in the loans industry with the implementation of the National Credit Act (NCA), leaving many people left to try and figure out the new law alone.

Thankfully, a new book has come out onto the market that gives people practical advice about applying for a loan and dealing with the finances under the NCA.  "The Credit Guide - Manage your Money with the National Credit Act" (ed. Nicky Campbell and Stephen Logan), guides consumers through the entire cycle of credit, beginning with an explanation of the law, right through to how loan applications are considered.

One of the main advantage of "The Credit Guide" is that it offers lots of practical information, ranging from advice on how to fill in a loans application form to settling home loan agreements early.

Everything that consumers need to know about the New Credit Act is included in this book. It shows all aspects of the Act, including different services that are available to consumers that they may not have been aware of, such as debt counseling.

"The Credit Guide" is written in clear, lucid language, making it easy even for the greenest consumer to understand the concept of credit. Handy tips, practical advice and interesting chapters make this book a must-have on any shelf.