How Should I deal with Debt Collectors
Making Sure Your Debt Collector is Legit Anyone trying to collect a debt from you—whether they work for a big agency or by themselves—must be legally registered with the Council for Debt Collectors (CFDC). If someone contacts you demanding money and you feel suspicious, don’t just pay them. You can check if they are a […]
Early settlement of debt and how to get there
The National Credit Act regulates how accounts can be settled early. To begin with, a consumer would need a settlement amount from the credit provider and the NCA gives the consumer certain rights with regard to this. Section 113 of the National Credit Act: Statement of settlement amount. (1) At the request of a consumer […]
Sequestration Basics: How Does Bankruptcy Work
Individuals facing insurmountable debt have legal options to relieve their financial burden, with sequestration and bankruptcy among the most notable. Understanding these processes is essential for anyone considering them to solve financial distress. This article provides a basic overview of sequestration and bankruptcy, highlighting their key aspects and how they work. What is Sequestration? Sequestration […]