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Is it legal for creditors to collect a prescribed debt?

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Manage episode 427914020 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - Kwanda Vabaza – Adjudicator Manager of the Credit Division at the National Financial Ombud
The Prescription Act stipulates the period after which a consumer’s obligation to pay a monetary debt to a creditor will be extinguished and the instances in which this period will be delayed or interrupted. Is it legal for creditors to collect a prescribed debt? Kwanda said the answer to this question depends on whether the debt falls within the ambit of the NCA. In other words, whether the debt relates to a credit agreement and falls within the definition of a credit agreement in the NCA. Kaya FM
  continue reading

168 episodes

Artwork
iconShare
 
Manage episode 427914020 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
GUEST - Kwanda Vabaza – Adjudicator Manager of the Credit Division at the National Financial Ombud
The Prescription Act stipulates the period after which a consumer’s obligation to pay a monetary debt to a creditor will be extinguished and the instances in which this period will be delayed or interrupted. Is it legal for creditors to collect a prescribed debt? Kwanda said the answer to this question depends on whether the debt falls within the ambit of the NCA. In other words, whether the debt relates to a credit agreement and falls within the definition of a credit agreement in the NCA. Kaya FM
  continue reading

168 episodes

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