Relief to consumers with expired debt

Amendments to the National Credit Act (NCA), gazetted on Friday, will make it impossible for unscrupulous debt collectors to collect debt that has prescribed (expired) The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was […]

Debt Rescue: Neil Roets New credit amendment act will bring welcome relief to deeply indebted consumers whose debt has prescribed

Amendments to the National Credit (NCA), gazetted on Friday, will make it impossible for unscrupulous debt collectors to collect debt that had prescribed (expired). The changes to the act will mean that if a consumer had not acknowledged a debt for more than three consecutive years either verbally or in writing the debt was considered […]