Don't let debt collectors bully you

Johannesburg - Consumers are often bullied into signing documents under duress because they don’t understand their rights, says National Debt Mediation Association (NDMA) CEO Magauta Mphahlele.

She said usually debt collectors approach consumers at a place where they are most vulnerable.
"At work, you quickly want to get rid of them and you just sign your life away."

She said the the best thing to do is to not sign anything.

She pointed out that debt collector’s abuse voluntary surrender, especially when a car is involved.

"A voluntary surrender means that you are giving them the right, without them having to go to court, to take that car and the law says that they can only repossess that car when they have a court order."

"If they do not have a court order, you have the right to tell them to go away, to come back with a court order and to come and repossess."

Listen to the interview to find out how to deal with signing documentation by debt collectors:


 
- Fin24

ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 930 votes
It depends on how the funds are used.
74% - 6243 votes
No. We should have gotten the loan elsewhere.
15% - 1284 votes
Vote