Caught collecting prescribed debt

Mannydefreitas said:
On a side note, who the hell gives credit to an unemployed Zulu...?
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Would it have been acceptable in your mind to extend credit to an unemployed Xhosa? Or Sotho? Or Afrikaner?

Just wondering what sort of unemployed people should be given credit. Personally I would have thought that the answer would be none.
 
vigras rojara said:
Would it have been acceptable in your mind to extend credit to an unemployed Xhosa? Or Sotho? Or Afrikaner?

Just wondering what sort of unemployed people should be given credit. Personally I would have thought that the answer would be none.
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Correct. The answer is none.
But the hero in the Ops post is a Zulu.
The Op has Zulu in his forum name and he made a very funny self deprecating chirp about being a Zulu.
In fact he started by apologizing for his command of English but then wrote a perfectly worded post, which was clearly done tongue in cheek. He is a funny guy.

So I felt it was Apt to refer to a Zulu in my response.

We call it Humour, try it, it may make you less of a judgemental, self righteous, Woke, offended Karen....
 
If you serve a summons on the debtor, the limit is then 30 years
 
Mannydefreitas said:
Correct. The answer is none.
But the hero in the Ops post is a Zulu.
The Op has Zulu in his forum name and he made a very funny self deprecating chirp about being a Zulu.
In fact he started by apologizing for his command of English but then wrote a perfectly worded post, which was clearly done tongue in cheek. He is a funny guy.

So I felt it was Apt to refer to a Zulu in my response.

We call it Humour, try it, it may make you less of a judgemental, self righteous, Woke, offended Karen....
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Far from offended lol. Just based on your general posting tone I thought I'd ask.

It seems you are offended by my question, Manletdefritos.
 
chrisc said:
These type of businesses are as bad as ambulance-chasers

A friend's son is a Plastic Surgeon in New York. His malpractice insurance premium is $1m a year. The ins co have a team of lawyers on standby

When his patients are discharged, they are "visited" by these consultants who imply that they will be able to recover the cost of the procedure, plus a hefty sum if the patient will just sign the acceptance form

On the first whiff of a suit, the legal team leap into action. Some of the cases go on for years

He was once offered a procedure to correct some botched surgery that had been done on a 55 year old gent. It turned out that this person had more than 12 procedures already and had spent $55m
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Uh, the guy spent just over R1 billion (with a B) on surgery?
 
if you can go so long without bothering to collect a debt, you clearly don’t need it and it’s not causing you any loss or harm. In which case why should the person be required to pay it?

As was said the debt was prob sold and some collection house is now going through old accounts hoping people will pay out of fear and not know their rights.
 
RedViking said:
How well does a debt collector pay?

/asking for a friend
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What are you asking?

How well do they pay if you work for them?
Or how well do they pay you the debt they collected on your behalf?

First one I have no idea.
The second one is years.

We hand over anything from R100-R200K every month to a debt collector. In my mind, it is written off. Anything that comes back is a bonus. The money that needs to come back is not projected or planned for in any way.
If some of it comes back. Yay. If not, whatever.

It just takes too fscking long to recover anything worth your time. But I have to hand him over. Won't let you walk away free. After trying to make arrangements to settle your debt and giving you enough time and you still don't come to the party, I hand you over.

Your R1000 now becomes R4000 and once the debt collector finds you and the process is started and payments are being received, the debt collector takes his R120 or whatever p/m first for a year or 2 and only then starts paying me back. It's a fsckup.
 
"A claim arising from an acknowledgment of debt will prescribe in three years as it is an ordinary debt in terms of the Prescription Act. However, it may be possible to draft an acknowledgment of debt in such a way that it becomes a negotiable instrument, thus extending the period of prescription."

"What happens if my debt becomes prescribed? If your debt becomes prescribed the creditor can no longer take legal action to recover the debt. However, the creditor may still try to collect the debt through other means, such as contacting you or reporting the debt to a credit bureau."

Pay back the money!
 
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Oh ok.

Well, it depends I suppose. How and where did the debt collector get his "book" from?
Some buy debt as mentioned here before. Some offer the service to companies whose clients defaulted on their payments and want to try and get something back.

We don't pay our debt collectors anything. The service is "free" if you can call it that. They add their fees on top of the debt and that's how they make their money.

We do however correspond with them when we get inquiries from clients claiming their debt has prescribed. If there has been no activity for I am not sure how long on the account then it prescribes.

We have monthly payments coming in from our debt collectors for years now. It's not much but every little bit helps.
 
W@P said:
Oh ok.

Well, it depends I suppose. How and where did the debt collector get his "book" from?
Some buy debt as mentioned here before. Some offer the service to companies whose clients defaulted on their payments and want to try and get something back.

We don't pay our debt collectors anything. The service is "free" if you can call it that. They add their fees on top of the debt and that's how they make their money.

We do however correspond with them when we get inquiries from clients claiming their debt has prescribed. If there has been no activity for I am not sure how long on the account then it prescribes.

We have monthly payments coming in from our debt collectors for years now. It's not much but every little bit helps.
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You do get people that dodge debt, but the other side is that often circumstances surrounding payments is often out of people's control. The whole covid kak that happened set a lot of people back(even family that had to move in with me) and they still haven't been able to get back on their feet, as businesses closed, changed or moved.

You get some nice people, like the hospital that allowed us to pay off an expense over time for a life saving procedure for someone that didn't have medical aid, then you get others that don't want to negotiate and want the full amount owed or they're going to clean house.

People have just got to be reasonable and make a plan.
 
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