DR
Dineo R

1 reviews | Active since Oct 2023

11 Oct 2023, 10:56

CAPITEC SELLS PRESCRIBED DEBT

So I had a personal loan with Capitec Bank, I lost my job and could not pay...Capitec Listed me and now my loan has been prescribed, however capitec sold my account to MBD which calls me everyday for me to pay a loan that has been prescribed, I am honestly not happy taking into consideration how loyal I have been to capitec and besides that matter, it is known by law that "Section 126B of the NCA provides: (1)(a) No person may sell a debt under a credit agreement to which this Act applies and that has been extinguished by prescription under the Prescription Act, 1969 (Act 68 of 1969)."..... I am not and will not pay MBD, so I request that my name be cleared and I am sent the prescription letter.... NOT REALLY HAPPY ABOUT THIS OUTCOME.

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Replies (1)
Capitec Bank
Capitec Bank's reply11 Oct 2023, 11:12
Official
Good day  Dineo

Thank you for letting us know of your concern, and for your patience while we explore this matter. 

We have assigned your query to a designated official who will contact you within the next business day. 

Kind regards 
Capitec Bank