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Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies. [1] The company, which was originally focused on providing credit history reporting for microcredit transactions, is among South Africa's leading credit bureaus and is a member of the nation's Credit Bureau Association.
A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services, or withdraw cash, on credit. Using the card thus accrues debt that has to be repaid later. [1] Credit cards are one of the most widely used forms of payment across the world. [2]
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Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9] The 118,000 former credit card customers, with R750 million in total credit, were transferred to Absa's own credit card offering.
National Credit Regulator (NCR) is a South African government agency that regulates the credit industry in South Africa. The NCR was established under National Credit Act 34 of 2005 (the Act). The NCRt is tasked with carrying out education, research, policy development, registration of industry participants, investigation of complaints, and ...
While many people think of balance transfer cards as exclusively for credit card debt, you can often transfer different kinds of debts in order to consolidate your payments and take advantage of a ...