As a follow up to a conversation on prescribed debt
Kelebogile Mooketsi, Award winning Author of Money-Bucket Holes
Explained and Financial /Credit Repair Coach is here to answer your questions on the matter
According to the Prescription Act 68 of 1969, a debt is prescribed if during the past three years; You did not admit to owing on the debt, either verbally or in writing; You have not made payment towards the outstanding amount; summons was not issued and served on you.
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