Watch: Prescribed Debt

There are important considerations when it comes to the removal of Debt Review from your name.

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Watch: Prescribed Debt

Are creditors reaching out for you to repay prescribed debt? Know your rights and stand your ground. South Africa’s Prescription Act (section 126B of the National Credit Act) states that a debtor’s liability to pay a specific debt to a creditor is extinguished as a result of the passing of a prescribed time period. Unfortunately, many credit providers mislead consumers into repaying debt that’s essentially written off. Your debt is legally prescribed if, for 3 years, you’ve made no acknowledgement of the debt, no payment towards it, and there was no judgment placed.

Clear Me Now is a specialized Debt Clearance Service that benefits you. We can navigate the complex legalities around debt removal, from having your Debt Review listing cleared from your account to presenting you with our Debt Clearance Certificate. removal process is completely legal and can be overseen by a registered Debt Counsellor, after a thorough evaluation of your circumstances.

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