Consumers Beware: Some Banks Are Still Collecting On Prescribed Debts
29 July 2022 The law forbidding creditors from collecting on prescribed debts which falls under the National Credit Act 34 of 2005 (NCA) is well-known, established and adhered to – or so everyone would think. The Ombudsman for Banking Services (OBS) confirmed that, between January 2021 and July 2022, the OBS received and investigated a …
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