In the form of secured loans, money is paid and the lender receives a commitment for personal property or something of value as collateral for the repayment of the loan. Then a debt check must take place. The debtor advisor must notify all credit providers and credit bureaus mentioned in the application; they must cooperate fully with the debtor advisor. The debtor advisor must then assess the consumer`s indebtedness. Evaluation can have one of three possible outcomes: if credit provides access to products or services that cannot be acquired from a single monthly income, it can also be a dangerous instrument that can lead to high debts and debts. Many consumer rights are included in the law, but very few fees for credit providers. (Credit providers, on the other hand, have many obligations.) The law is biased towards consumers because it seeks to eliminate the imbalances inherent in our common law. This is not unusual for such legislation. Credit bureaus play an important role. For example, they provide credit providers with information on consumer creditworthiness. This information could, of course, harm consumers. Credit agencies are therefore required to verify with other sources that the information provided to them by credit providers is accurate.
Consumers have the right to obtain information about cancelled judgments that are removed (deleted) from credit bureau records. Similarly, a consumer who has fulfilled all of its debt restructuring obligations has the right to withdraw debt restructuring from these registers in advance. A fairer result could be achieved by eliminating or reducing initiation and service charges, reducing the maximum allowed interest rate and reducing the maximum amount of short-term credit transactions. This requires regulatory changes. Every adult has the right to apply for a loan, but no one has the right to get credit. A lender may choose to refuse credit on reasonable business grounds, but should not unfairly discriminate against a consumer against other consumers on the basis of race, religion, pregnancy, marital status, ethnic or social origin, sex, sexual orientation, age, disability, culture, language Etc. A consumer may demand reasons for denial of credit that must be communicated in writing by the credit provider. Overall, the strength of the national credit regulator, the extensive powers of the National Consumer Court and the courts, the almost paternalistic tendency of lawmaker protection and the vast network of dispute settlement accounts for consumer legislation, which will have a huge impact on the huge credit industry in South Africa.
 The impact of opening and service charges on small loans is reduced by reducing the cost of interest credit and fees, so that interest rates decrease relative to these fees. This imbalance has the dangerous effect of concealing the real cost of consumer credit and misleading the consumer. This is the term given to the standard rules of each institution. For example, a provision that a written agreement is required to change the terms of the loan may be part of the boiler platform. It will be extremely difficult for consumers to find the money to pay the introductory fees in advance at a time when they are borrowing, precisely because they need cash. As a result, most lenders will not be able to afford to pay the introductory fee for the loan, particularly in the case of very bad consumer borrowing. These individuals will therefore be required to capitalize and repay the introductory tax, probably in the same number of payments as the initial loan and subject to the same interest rate as the original loan. The result will be that actual monthly borrowing costs will increase.