Harassed by debtors? Credit review will protect you!
When you are under Great financial pressure, Last calls, SMS, WhatsApps, and icons from debtors can be heard as a psychiatric war. Owe money. You are not behind your payments. Your creditors threaten lawful act. It is easy to not answer your phone again. This, unfortunately, it is true everyday for so many South Africans. While the lenders have a formal right to seek out payment, we want to know that there is Strong rules to protect consumers from dividence.
For some of them A blog to recover credit, We will discuss what happens to abuse that is, the law means, and that debt review can be officially defended.
Remember, The rule is strong on your side!
What is abusive?
Credit abuse is not just a few friendly reminders about missed payments – it is endless, aggressive, and often stress.
It’s a phone that will not stop weeping – at work, at mealtime, even nighttime. Is Messages filled with threats, The intimidation tactics are designed to intimidate your income.
Abuse can feel like supported in the corner. Credit collectors can call several times a day, talked to members of your family or employer, or threaten lawful act – all pushing you to pay, even if it’s your circumstances.
Abuse can include:
- Finding calls with every hour of the day.
- Publicity or contact with your employer or your family members to pay.
- Threatening you with legal action without following the relevant channels.
- Pretend they are lawyers, police or court officials.
Abuse is wrong. It is not just unreasonableness – it is not legal. These actions can also break the National Credit Act (NCA) referred to protecting consumers as you, from unfair treatment.
Emotional damage is a big – anxiety, sleepless night, and a growing feeling of despair.
You don’t have to go through it alone.
Need help in trouble of abuse?
Credit Resources here to help.
contact us Free testing, no obligation to see if he is eligible for debt review (debt counseling).
You have rights as a consumer
Under the National Credit Act, debt providers must treat consumers with shadow and follow the legal processes when they try to collect any debt. That’s right is not allowed Abuse, misleading or intimidating.
Here are a few important rights to know:
- Any legal act against you must follow the appropriate procedure, Includes a section 129 of the need and court order before the assets can be returned.
- If the debt is three years old and have no problem or may not be paid, they can be placed, but others will continue to harass you.
- If you are submitted under credit review, Debtors are not allowed to contact you directly or take legal action against you.
How does debt review protect victimization?
Credit Review, known as debt counseling, is a powerful law presented by the National Credit Act (NCA). The National Credit Act provides South Africans who have debts debt debted to the management and paying of their credit without losing their respect or assets.
Here is how credit review protects you:
1) Notice to lenders and liabilities
When you have finished your exam and how much you have a credit, you are legally required, your credit counselor is required to inform all credit providers and the five business days) which will be set under debt review.
2. Court of payment order
Your credit counselor will rebuild your debt to be paid for granted monthly. The new payment program was submitted to the Magistrate’s Court or Court of Consumer. When the program is approved becomes a lawsuit of the official court.
What does this mean?
- You and your lenders must be accompanied by a court set up by the court.
- You have a legal court for the ADIDE DECTICE protecting your rights as a consumer.
3) Protection from Return
Remissuress is a valid credit officer who may take before accessing credit reviews. Once submitted under credit reviews and commission is made, the creditors cannot repeatedly retaliate your heritage such as your home or vehicle. Your car and your home will be legally protected, but only if you are undergoing debt review.
That is why it is very important to Get help before your assets have been reored.
4) Abuse must stop
- When submitted under credit reviews, debtors and debt collectors must stop all the direct communication with you.
- All contacts must pass to your credit counselor – legally required to contact you.
- If they continue to harass you, you can report this to the National Credit Regulator (NCR) where the official complaint may be placed.
