ITC Question

The_Ogre

The_Ogre

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OK, someone I work with has been blacklisted. She wants to know if it will change anything on her credit profile / record if she pays the outstanding amount to the company in question.

I'm inclined to tell her it won't, but I'm not too sure
 
Approx 20 years ago Telkom black listed me. I paid them the outstanding amount 'cos I needed a line. THEY had the blacklisting lifted. It did take a couple of months.
 
Yes it will
She must get confirmation prior to paying the debt that this will in affect happen, get it in writing
 
grav80 said:
OK, someone I work with has been blacklisted. She wants to know if it will change anything on her credit profile / record if she pays the outstanding amount to the company in question.

I'm inclined to tell her it won't, but I'm not too sure
Click to expand...

Hi, First things first. Judgement stay a long time. If she only pay the amount they will nothing to rectify it. She must ask for a settlement letter from the company. Make sure they give her enough time to do the payment.

Secondly and this differs from company to company. She MUST ask for a letter stating that they (company) does not have any objections to let the itc remove the judgement from her name. They can also state that in the first letter.

Then thirdly after payment has been made and she receive the letter go to court and ask them that you want the judgement removed. They will lay all before a judge and he will grand it to her that the record be removed. Takes about 24 - 48 hours.

She can then fax that letter to the different itc and after about 10 working days the judgement will be removed.

I wish her luck.
 
Conflicting posts FTL :)

I know with the NCA changed a lot of these kinds of things. Nobody here working in the field?
 
FartingFred said:
Hi, First things first. Judgement stay a long time. If she only pay the amount they will nothing to rectify it. She must ask for a settlement letter from the company. Make sure they give her enough time to do the payment.

Secondly and this differs from company to company. She MUST ask for a letter stating that they (company) does not have any objections to let the itc remove the judgement from her name. They can also state that in the first letter.

Then thirdly after payment has been made and she receive the letter go to court and ask them that you want the judgement removed. They will lay all before a judge and he will grand it to her that the record be removed. Takes about 24 - 48 hours.

She can then fax that letter to the different itc and after about 10 working days the judgement will be removed.

I wish her luck.
Click to expand...
I might be wrong on this but doesn't "blacklisted" refer to a default? And I think a default and a judgement differs slightly.
 
Judgement

If you fall behind with your account payments and fail to respond to reminder letters then the credit/service provider may apply for a court judgment. A judgment is granted when a court of law gives you the instruction to pay the outstanding account. A judgment remains on your credit report for 5 years.

Notices

If you fail to pay an outstanding account the credit/service provider can take legal action in the form of a notice against you. Notices include administration orders, provisional sequestration, final sequestration and rehabilitation orders. Administration orders remain on your credit report for 10 years, rehabilitation orders remain for 5 years and sequestration orders remain for 10 years if no rehabilitation order is granted.

Default

Default or adverse information is when a credit/service provider has listed you for non-payment and is planning to enforce their rights by taking legal action against you. There are two types of default or adverse information.
A) Default data enforcement action listings – this is when a credit/service provider has listed you for non-payment and this has resulted in a bad debt written off or repossession. Enforcement action listings remain on your credit report for 2 years.
B) Default data subjective action listings – this is when a credit/service provider has listed you for late payment, delinquency or absconding. No enforcement action is taken. Default data subjective active listings remain on your credit report for 1 year.

/edit: Blacklisting is either one of the above

PS: im not in the industry, had a blacklisting on my name recently.

pps. you have go to court and challenge a blacklisting or get the service provider to remove it. court takes for ever, if service provider removes it it takes a few days
 
Last edited:
This is actually quite confusing I realise now. I was blacklisted in 2009 (for something like 400 or 500 bucks). I never paid that back to the company who blacklisted me (because I was still in the process of disputing the amount). Last year the default was removed from my name and my credit rating slowly recovered.

So I don't know if they wrote that amount off or not.
 
Khanya said:
Wait. What? When does debt get written off?
Click to expand...

A company can write your down as a credit loss if they deem it irrecoverable..... but if they sell their debtors off to a company (to raise capital, usually), you might be phoned up to pay that R15 you owe.
 
blacklisting = 24 months
Judgement = 5yrs

lesson learnt: always pay those *****ers! u dont wanna mess with your credit profile!
 
blacklisting = 24 months
Judgement = 5yrs

lesson learnt: always pay those *****ers! u dont wanna mess with your credit profile!
 
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