kK
kimsmith K

1 reviews | Active since Jul 2016

17 Oct 2019, 04:35

Is Nedbank ignoring the Prescription Act?

It's astonishing to see how many complaints are made in a day against Nedbank. What's even more astonishing is to see, whether it's Nedbank itself, or Third Party debt collecting agencies or attorneys attempting to collect 'old debt'. I also received a threatening SMS about old debt made nearly 13/14 years ago. PLEASE people; read the following link: https://www.debtbusters.co.za/faq/what-is-prescription/ before entering into payment arrangements for debt that may have prescribed ie. Old debt. Furthermore, there are several articles/sites on the Prescription Act or you can download the act itself for further information and insight. Kindly note: This is not an encouragement to not pay your debt. The economy depends on us paying our debts (where/when it is due).

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kK
kimsmith K's update17 Oct 2019, 09:54
Reviewer Update
Regarding my previous post, please also see this: https://www.supermarket.co.za/news-article.asp?ID=6031&CatTags=16-Economic
As per the amendments to the National CreditAct, it is now ******* to collect prescribed debt.