Hi all
I want to share with you a very interesting remedy when you are unable to repay your debt.
According to the National Credit Act (NCA) and enforced by the National Credit Regulator (NCR), your creditors are forced to supply you with a Section 129 notice. This basially gives you the oppertunity to see a debt counsellor to prevent legal action against you once you are in default or have been in default for at least 7 working days.
Please let us know if you have received such a notice or would like to find out more about debt counselling and debt review in South Africa.
Please visit our websites: www.debt-couselling-south-africa.co.za
and www.thedebtcoach.co.za
Stefan
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