Debt prescription
You’ve worked hard to improve your credit rating, aiming for that dream home or car, only to face disappointment when an old, prescribed debt reappears on your credit report. Often, creditors sell old accounts to debt collectors who claim you must pay, even after the debt has prescribed. What is Debt Prescription? In South Africa, […]
Know when debt prescribed or unprescribed?
Are you struggling with the issue of prescribed or un-prescribed debt? In this week’s blog, Consumer Debt Support (CDS) would like to share more on the topic of prescribed and un-prescribed debt. We receive daily calls from consumers who are in a panic state because debt collectors are calling them all the time with old […]
