1 reviews | Active since Jun 2020
African Bank - Collecting on Prescribed Debt & Violating S124B of the Nation Credit Act as Amended
I am worried that African Bank still be collecting on Prescribed debt. I have had a loan with African bank and I have suspected in that it was prescribed and I raised such a claim but they never seemed to pay too much attention to it until I learned that my account was tossed around external collectors for collection and at one point a site agent came to me with documents to signed acknowledging the debt. Unfortunately the said site agent came with incorrect account documents and I therefore did not sign the documents. They have since been forcing themselves to my account.
I want african Bank to close the loan with them under the prescription and refund all monies deducted from my bank since the date the said account prescribed.
Section 126B which prohibits dealing in a debt under a credit agreement extinguished by prescription, and allows the consumer to raise the defense of prescription (even though the consumer agreed to revive a prescribed debt without being aware of the prescription defense).
