Posted on Aug 16, 2019

Credit Salvage Corporation SA (Pty)Ltd

Controversial new debt relief bill. Here's what it means for you

Ramaphosa signs controversial new debt relief bill into law – here’s what it means for you
Article published by BusinessTech

President Cyril Ramaphosa has signed the controversial National Credit Amendment Bill into law.

Informally known as the ‘debt relief bill’, the new act aims to provide relief to over-indebted South Africans who have no other means of extracting themselves from over-indebtedness.

Specifically, the act will allow certain applicants to have their debt suspended in part or in full for up to 24 months.

Learn more by clicking the learn more button
Contact Us
Message sent. We'll get back to you soon.