Do Not Pay Prescribed Debt

Thousands of debt collectors and attorneys demand and collecting money from people even though the amount owed is prescribed.

Debt Counsellors Association of SA (DCASA) president Paul Slot told IOL that  in terms of the Credit Act, creditors cannot demand payment if they have not contacted you in three years. Slot said consumers had no idea that their debt was prescribed.

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Robin-Lee Francke

Daily Voice Reporter

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