Since 1 June 2007, Reckless Credit Assessments were a mandatory duty imposed by the National Credit Act 34 of 2005, in sections 80 – 84 on all Debt Counsellors but was very seldom done. On 22 February 2018, the National Credit Regulator implemented a new fee of R 1,500.00 for Reckless Lending investigations to Debt Counsellors who now do not have any excuse not to investigate Reckless Lending.

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Therefore, iBureau Services has developed a one-of-a-kind Over-indebtedness and Potential Reckless Credit Report to assist Debt Counsellors to adhere to the Act and simplify and automate the process of assessing the consumers financial situation.

Using complex algorithms built into iDOCS, the system will generate a full report based on 24 months Credit History which includes: Consumers Credit Score, Creditor History and Creditor Payment History and gives a recommendation on potential Over-indebtedness and Reckless Credit.