oa De Rebus - Bill to deal with debt collection issues : editor's note
|Article Title||Bill to deal with debt collection issues : editor's note|
|© Publisher:||Law Society of South Africa|
|Publication Date||Nov 2015|
The flagrant abuses prevalent in the collection of debts have been widely reported in the media with recent cases highlighting attorneys' involvement in such matters. These issues have plagued the debt collecting industry. Government believes the existing legislative framework is inadequate in ensuring that debts are recovered in a fair and efficient manner where there is proper control and oversight. It also believes there is a disparity in the tariffs charged by debt collectors and attorneys conducting debt collection.
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