Consumer expert Wendy Knowler chats about how to handle debt collectors, as you may be paying debts you shouldn’t.
Listen the breakdown and tips:
She explained the law — the Prescription Act — that protects consumers from paying unnecessarily, but says not all old debts can be avoided. Knowler explained some of the implications. She advocates consumers settle their debts they are liable to pay but explains the ones they are not liable to pay.
She says the point of the act is to stop old debts being sold for little to debt collecting companies that add their own costs and interest and to get companies to act quickly on collecting the debts.
Subscribe to our audio content for free: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm
TimesLIVE
Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.