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More Relief Is On The Way For Consumers – Classic FM

More Relief is on the Way for Consumers – Classic FM

More Relief is on the Way for Consumers

In this Classic FM interview Wikus Olivier, debt counsellor at Debtsafe, discusses how relief is on the way for over-indebted consumers with prescribed debt.

Wikus explains what prescribed debt is, and how the National Credit Amendment Bill will prevent creditors from selling prescribed debt to debt collectors. Prior to this legislation debt collectors used deceitful ways to get over-indebted consumers to pay their prescribed debt, with interest.

Wikus also talks about how this will influence creditors’ approach to affordability assessments. Plus, do you know what to do when debt collectors call? Wikus gives helpful advice.


Listen to the full interview below.