n Without Prejudice - The curious complexities in notifying defaulting debtors : consumer law / National Credit Act

Volume 8, Issue 5
  • ISSN : 1681-178X



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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