Contact Clear Me Now for help with cases of prescribed debt

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.

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