If you’re considering using Showtime Finance for financial services, you may be wondering if they are a legitimate company in South Africa. Based on available information, caution is advised. Showtime Finance is not listed on the National Credit Regulator (NCR) website, and no visible NCR registration number is provided on their site. This raises concerns, as all legitimate credit providers in South Africa must be registered with the NCR.
What Does Showtime Finance Claim to Offer?
According to their website, showtimefinance.co.za, they describe themselves as a “loan originator” rather than a direct credit provider. This means they act as a middleman between borrowers and potential lenders, rather than offering loans themselves. While loan originators may be legitimate, their lack of transparency regarding NCR registration is concerning, especially when dealing with sensitive financial matters.
Negative Reviews on Hellopeter
A quick search on Hellopeter reveals a large number of negative reviews. Many customers have complained about unexpected debit orders of R299 being deducted from their accounts, often without any loan being approved. These complaints suggest that the company’s practices may not align with what customers expect or what is ethically sound.
Be Cautious
Given the absence of an NCR registration and the overwhelming negative feedback from users, it’s important to exercise caution when dealing with Showtime Finance. While they may claim to be a loan originator, the recurring complaints about unexpected charges indicate potential risks.
If you are considering financial services in South Africa, it’s always best to deal with companies that are clearly registered with the NCR. This ensures that the company adheres to consumer protection laws, providing you with greater peace of mind.
Final Thoughts
In conclusion, Showtime Finance raises several red flags, including the lack of NCR registration and a high volume of negative customer reviews. Consumers should approach this company with caution, especially when there are more transparent and regulated options available in South Africa. Always verify a company’s NCR status before engaging in any financial agreements.