Naedo Tracking

[sai13n]

No, the tracking you see on your credit report is for people who have absconded and stopped paying their debts. The companies then raise a "tracker" to look for these people and to get them to pay back their debts.

Aah ok! That makes sense

I feel alot better about the impact of Naedo now. Whilst it's crap that we aren't always informed ahead of time of it's use, I'm glad that aslong as instalments are still paid on time it doesn't affect your credit scoring.

Thanks for all of the responses You guys are more helpful than Google lol!

 

[Former member 61586]

Found the wording, this is what we used for a Telemarketing Funeral Campaign.

"on or after the preferred date" I have no problem with. However with NAEDO, they take money BEFORE the date agreed upon.

If my salary is paid in on the 25th for arguments sake, and that date falls over a weekend or public holiday, my employer pays it on the working day before the weekend (i.e. the Friday) or public holiday. Then the NAEDO debit order also goes off on that day.

 

[Icarium]

"on or after the preferred date" I have no problem with. However with NAEDO, they take money BEFORE the date agreed upon.

If my salary is paid in on the 25th for arguments sake, and that date falls over a weekend or public holiday, my employer pays it on the working day before the weekend (i.e. the Friday) or public holiday. Then the NAEDO debit order also goes off on that day.

The problem here isn't the NAEDO system, it's your credit provider abusing it by specifying an earlier than agreed on date to start tracking and you really should be taking it up with them, and then on to the ombudsman.

The sad reality is that NAEDO is a necessary evil given the attitude of so many towards paying debt in this country.

 

[Former member 61586]

The problem here isn't the NAEDO system, it's your credit provider abusing it by specifying an earlier than agreed on date to start tracking and you really should be taking it up with them, and then on to the ombudsman.

The sad reality is that NAEDO is a necessary evil given the attitude of so many towards paying debt in this country.

LOL, yeah. Would rather scratch my balls than try to sort this out with sub-Standard Bank. Would add more value to my life.

 

[semaphore]

Naedo transactions will be replaced by raedo in the future. Those are authorized debit orders. By they I mean they will not be able to be reversed.

People who reverse Naedo are just as bad as the loaners, they take money but because they cannot budget properly the loan company should be out of pocket?

You sign a form to allow Naedo, and you can easily get it removed. Naedos are usually submitted monthly, that is how we did it, for cases if the client did an early settlement.