Parliament should open an investigation.Our consumerrights aren't being protected in line with NCA.
We are back to situations before the NCA with expoilation of fin stessed consumers by unscrupulous Call Center debt counsellors& and parallel legal system the NCR helped create.
Capitec CEO Gerrie Fourie said the National Credit Regulator should do more to protect borrowers from unaffordable short-term loans.
https://t.co/jvXOCCXhC8
Capitec CEO Gerrie Fourie said the National Credit Regulator should do more to protect borrowers from unaffordable short-term loans.
https://t.co/jvXOCCXhC8
Capitec CEO Gerrie Fourie said the National Credit Regulator should do more to protect borrowers from unaffordable short-term loans.
https://t.co/jvXOCCXhC8
The purpose of Prescription is to force creditors to take action to collect on their claims within a reasonable period, inter alia. In terms of The Regulation to the NCA it is unlawful to have prescribed debt reflect against a consumers profile.
@missionchange1@Lati95mak The purpose of Prescription is not to avoid paying Debts but force Credit Providers to execute legal action in collection of debt within a reasonable period. So consumers dont have unpaid debt hanging over them for infinity and beyond.