04 June 2014
"Some people are going as far as to think their debt was going to be wiped clean, Obviously, this is not the case," Uys says. What this regulation does entail Is the once-off removal of adverse consumer credit information and paid-up judgments, as well as a continuous removal of paid-up judgments," explains Uys. Paid-up judgment is any contrary court judgments relating to debt where the consumer has settled the capital amounts. In other words, where the consumers have paid off their debts.