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When collecting debt, it’s important that debt collectors follow the correct procedure from start to finish to ensure that the process remains ethical and legal.
However, as a consumer, are you aware of the fact that debt can prescribe (become written off) after a certain time period, depending on the type of debt and other specific conditions?
In this article, Able Tracers and Debt Collectors South Africa outline when it may be necessary to institute legal action against a debtor and how this process works.
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