Don’t call me regarding prescribed debt

29 April 2015 - 16:45 By Wendy Knowler
Image: Gallo Images/Thinkstock

It is illegal for a prescribed debt to be listed on your credit profile.

"Sewava” wrote: “I'm seeking some answers from you concerning my indebtedness.

Q: “Some years ago I lost my job and ended up with many debts, leading to blacklisting in some cases, but for the past three years I have not made any arrangements to pay.

“Does that make my debt prescribed and what happens to me being black listed?”

A: If you haven’t acknowledged a debt in the past three years, made a payment or been summonsed over it, then it has prescribed.

And it is illegal for a prescribed debt to be listed on your credit profile, so check and if a prescribed debt is listed, lodge a complaint.

Since March 14 this year, in terms of the National Credit Amendment Act, it is illegal for a prescribed debt to be sold or collected.

So you shouldn’t be getting any calls or SMS demands regarding those debts. If you do point that out, and ask for your file to be closed.

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