A Case Law Discussion on the Implications of Reinstating a Credit Agreement

Section 129 of the National Credit Act No. 34 of 2005 (hereinafter “the NCA”) provides a mechanism for Consumers who have fallen into arrears on their credit payments, and face debt enforcement action. This mechanism allows Consumers to “reinstate” their credit agreements by paying the full outstand…

http://www.polity.org.za/article/a-case-law-discussion-on-the-implications-of-reinstating-a-credit-agreement-2018-02-14