Monday, June 23, 2014

If you are the creditor notified that you know that your debt has prescribed and that you know you

Money Board: You do not have old debts to pay! | YOU
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Please do not misunderstand - I speak not in the least good that you owe responsibilities to fulfill. The point is that there is debt you legally do not have to pay.
And excuse me if I pleasure from this well, but it's for my fantastic if one account is less to pay after I had already pay for winter uniforms, new stationery (eaten by the stationery hidden zone seeking at school) and all the vitamins and other things that one for the winter to purchase.
What exactly is barred debt? According to Law 68 on Stale Debt of 1969, section 10 (1), fault considered as lapsed: You no fault in the last three consecutive years not admitted, in writing or verbally. You have not begun to pay off debt, nor any promises made to pay. The creditor you three consecutive years has not sued for this debt did not.
In many cases the debt by the original credit provider and then buy off debt collectors for an apple and an egg with them. It's not illegal that a creditor then to your door knock. hidden zone The onus is on you to know your rights. And now you know!
Aged debt is usually only followed a few years after the original debt was incurred. The request hidden zone for payment is often accompanied by a threat to the consumer on the blacklist will end up if he or she does not pay the debt. This threat is not valid because often aged debt on your credit profile hidden zone from a credit bureau appear.
Here's hidden zone a typical example: In 2005, you have a credit provider owed R2 000. In 2013 call a creditor you and tell you that you are now - with interest and administrative costs - R10 000 debt.
If you are the creditor notified that you know that your debt has prescribed and that you know you have no legal obligation towards it, he should come to you late. If the creditor on your case, ask him for a statement of the last three years as evidence that in the period payments hidden zone are made. As a consumer it is your right to make a full statement to ask.
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