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NOTE: This written report is based on characters and events in the movie Confessions of a Shopaholic that was shown in class during November 2019.
NOTE: This written report is based on characters and events in the movie "Confessions of a Shopaholic" that was shown in class during November 2019. 1. National Credit Act (10 Marks) 100D CREDIT TACT The National Credit Act was passed to ensure that consumers are protected from unscrupulous lenders and to ensure that all credit lenders follow fair lending practices. 1.1 (4) When Rebecca Bloom originally applied for credit from "The Fab Store", she would have needed to provide certain documents so that her creditworthiness could be assessed. Identify TWO of these documents and provide a reason why the creditor would ask for them. Document Reason 1.2 According to the National Credit Act, consumers have certain rights regarding their credit. List FOUR of these rights. (4) 1.3 Do you personally feel that there is a need for such legislation to be in place? Give a reason for your answer. (2)
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