n Without Prejudice - The curious complexities in notifying defaulting debtors : consumer law / National Credit Act
|Article Title||The curious complexities in notifying defaulting debtors : consumer law / National Credit Act|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Jun 2008|
|Pages||49 - 50|
Before a credit provider (the creditor) commences legal proceedings against a consumer (the debtor) to "enforce" a credit agreement in terms of the National Credit Act 34 of 2005, it must "draw the default to the notice of" that debtor in writing, with a view to arranging a resolution of the matter or develop and agree a plan for the payment of the arrears.
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