‘Don’t pay prescribed debt’
Cape Town – There are thousands of debt collectors and attorneys demanding and collecting money from people even though the amount owed is prescribed. Debt Counsellors Association of SA (DCASA) president Paul Slot said yesterday in terms of the Credit Act, creditors cannot demand payment if they have not contacted you in three years. Slot […]
Reckless lending rockets despite law
DESPITE the practice being outlawed, reckless lending continues unabated – so much so that the National Consumer Tribunal (NCT) has received double the number of complaints. The tribunal dealt with 9 589 cases in 2014/15 and in the 2015/16 financial year this figure rocketed to 19 097. Over a three-year period, the tribunal’s case load […]
Reckless lending rockets despite law
DESPITE the practice being outlawed, reckless lending continues unabated – so much so that the National Consumer Tribunal (NCT) has received double the number of complaints. The tribunal dealt with 9 589 cases in 2014/15 and in the 2015/16 financial year this figure rocketed to 19 097. Over a three-year period, the tribunal’s case load […]