Tell me Devon, If I were to get a legal company to go to court to have my debt review removed as I am no longer over-indebted. Would that affect the prescription from taking place later this year?
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: Have you ever ordered a product online and received a fake knock-off?
Incorrect information on Credit Report
- Thread starter ManVee
- Start date
Nah, I'll pass on that application. Thank you for suggesting it though.
No. If you are able to get the debt review legally removed, you are still liable for any amounts owed. Clients only go this route if they feel it will take too long to settle everything under debt review. Once the order to be removed is granted, you pay the remaining amounts outside of debt review.
Yes, but I got kicked out of debt review because I stopped debits from Hypen. What I am trying to understand is, will I not disrupt prescription if I get debt review removed from my credit profile? I would obviously do this through the court process.
RedViking
Nord of the South
You have the means. Sell the vehicle. Get something cheaper. Sell the property. Get something cheaper.
Settle all debt.
Start a life without debt and free from those you are running from.
My cheap vehicle and property are both still under finance and are up to date. I will be free come December boss!
You cannot be kicked out of debt review. You were most likely suspended.
From past dealings with clients and attorneys, whoever you choose to help must prove that you are not over-indebted. If it comes out in court that you still owe R600K, it could be rejected. Most people use the paid-up letters to show that they only have a few accounts left and should be removed from debt review.
Going to court might make things worse if you are asked to prove what has been settled and what remains.
RedViking
Nord of the South
I doubt it, but goodluck.
Thank you for the response. I really appreciate it. I think the safe bet is to wait for the prescription before removing debt review. Either these companies that specialize in removals lied to get me to pay for their service or they have ways of getting around the questions posed by the court as you have indicated. The only reason I was looking at this option before prescription was because I know the process takes some time and did not want to wait further to have a clean credit profile after prescription.
When you say "goodluck" I know you mean it from the bottom of your heart and so thank you brother-man.
Neuk_
Honorary Master
Biscuit1018
Expert Member
But he is not insolvent.
He is hiding from his creditors in the hope they miss the prescription date
There seems to be intent there. Even if it was after the loan
If you borrow my power drill ... thats a loan
If I ask for it back for 2 years and you ignore my calls and mails and deliberately evade me... then there seems to be intent to deprive me of my drill
It may not be theft... but its close
RedViking
Nord of the South
Whatever dude.
epah
Honorary Master
OP I told you to ignore these nut jobs, Dont pay a cent back, your original creditors dont care about the mere R300k you took or else they would've collected it by now, they decided to sell the debt to someone else whom you weren't in agreement with, Oh and by the way once you start paying those scummy lawyers watch how the amount you owe will never come down, so you will be paying them for the rest of your life. Eff them. The system is only there to **** you up and it is never in your favor. I dont know why the people here are so pressed when the people you owe dont even care.
epah
Honorary Master
And if anyone wants to come for Op please go start your own thread about righteousness, This thread is currently being derailed.
Biscuit1018
Expert Member
His question has been answered
Yet you are still commenting on the side of "righteously" and deliberately avoiding a legitimate creditor (who happened to be a bank.
epah
Honorary Master
Then why are we rehashing this if his question has been answered, Op has already said he is not paying anything so can we move on. He owes scummy lawyers not the banks anymore. You are welcome to start your own thread about right and wrong, you may include a poll too if you would like.
Biscuit1018
Expert Member
Who died and made you mod?
So leave the thread then.
We write what we want to within the bounds of MyBB rules.
OP can do the wrong thing if he wants to and we can comment on that.
You are commenting that OP is doing the right thing
We disagree. How unusual on a MyBB forum
epah
Honorary Master
OH FFS, You probably work for a bank and think you are getting commission from OPs debt, But i am out of here MR Righteous.
My last comment... Thank you Epah for intervening, not that these wisecracks intimidate me cause I honestly don't care. I'm sorry that they now going at you for sharing your thoughts.