Debt collection process explained

2015-05-20 06:00

WITH many people having been brushed up the wrong way by a debt collection company at some point in their life, government introduced the Council for Debt Collectors, established as a result of the Debt Collectors Act of 1998 (Act 114 of 1998), to regulate the occupation of debt collectors in South Africa.

People can visit the Rocklands Shopping Centre just outside Bloemfontein on Friday (22/05) from 15:00 to 18:00 to find out more about the council for debt collectors.

The act, together with its regulations and the code of conduct for debt collectors, was put into operation on 7 February 2003. All debt collectors had to be registered with the council by 11 August 2003. After that date no person, except for attorneys, was legally allowed to collect any debts on behalf of another without being registered. The council has proven itself to be successful in monitoring the conduct of debt collectors and promoting a culture of good governance within the debt collecting industry.

The council has embarked on a nationwide campaign to raise awareness of its existence and services. The infotainment begins at the Rocklands Shopping Centre with activities and interactions planned. There will be prize giveaways, as well as competent staff on hand to tackle questions. You will have an opportunity to interact with some of the local radio stars. For updates listen to Motheo FM, Rock FM and Mosupatsela Stereo.

The Council for Debt Collectors’ offices are in Pretoria, 74 Watermeyer Street, Val de Grace. Call 012-804-9808 during office hours. Find it on Facebook and Twitter: Council for Debt Collectors and @cfdc2015 respectively

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