Tag Archivesdebt

The National Credit Act and your Debt Review: How does it really work?

The subject of credit and over-indebtedness remains an important and deeply concerning topic in the current economic climate in South Africa. Over the years we have seen consumers incurring debt, not only to live exorbitant lifestyles above their means, but to actually for day to day financial survival. On the flip side of the coin – credit […]

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The Star – Your right when facing old debt

Read our feature in The Star Newspaper, published on 20 May 2016. There are many medicines. Certain medicines are popular. Other treat peculiar ailment like Lupus nephritis. DIFLUCAN, one of of a new group of triazole antifungal agents, is available as a powder for oral suspension. There are numerous drugs for each afflictions. If you’re concerned […]

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Prescription of debt

Prescription of debt is a well-known concept, but very few people actually know what precisely it entails. Prescription of debt is regulated by The Prescription Act 68 of 1969 (“the Act”). There are four factors/questions to consider when determining if a debt has prescribed: What type of debt it is? How long is the applicable […]

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Debt – how do I deal with it?

The National Credit Act of 2005 (NCA) aims to prevent reckless credit and to settle disputes between debtors and creditors more amicably (in general), as opposed to litigating these matters immediately. Therefore debtors can now: 1. refer a matter to a debt counsellor for advice or relevant ombudsman for dispute resolution, 2. defend the matter […]

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