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Section 129 notices
Received a Section 129 Notice? What It Means and What to Check
If you have received a Section 129 notice in South Africa, it generally means that your credit provider alleges that you are in default under a credit…
Section 129 notices
Letter of Demand vs Section 129 Notice: How to Tell the Difference
A letter of demand and a Section 129 notice are not necessarily the same document, although a letter described as a demand may also perform the statutory…
Section 129 notices
Section 129 Notice for Car Finance: What to Check
If you have received a Section 129 notice for car finance in South Africa, it generally means your credit provider alleges that you are in default under…
Section 129 notices
Section 129 Notice for a Home Loan: What to Check
If you have received a Section 129 notice on your home loan in South Africa, the bank is formally drawing an alleged default under your mortgage agreement…
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8 articles in Section 129 notices
Section 129 notices
Arrears Amount on a Section 129 Looks Wrong: What to Check
If the arrears amount on your Section 129 notice looks incorrect, compare it with your credit agreement, account statements, payment records and the lender's transaction history. Identify the particular credit or debit entries that may…
Section 129 notices
Letter of Demand vs Section 129 Notice: How to Tell the Difference
A letter of demand and a Section 129 notice are not necessarily the same document, although a letter described as a demand may also perform the statutory function of a Section 129 notice.
Section 129 notices
Never Received the Section 129 Notice? Delivery Questions Explained
If you never received a Section 129 notice in South Africa, that does not automatically mean the credit provider failed to comply with the National Credit Act. The law distinguishes between personally receiving or reading…
Section 129 notices
Received a Section 129 Notice? What It Means and What to Check
If you have received a Section 129 notice in South Africa, it generally means that your credit provider alleges that you are in default under a credit agreement and has taken a formal step under…
Section 129 notices
Section 129 Notice for a Home Loan: What to Check
If you have received a Section 129 notice on your home loan in South Africa, the bank is formally drawing an alleged default under your mortgage agreement to your attention before possible court enforcement.
Section 129 notices
Section 129 Notice for Car Finance: What to Check
If you have received a Section 129 notice for car finance in South Africa, it generally means your credit provider alleges that you are in default under your vehicle-finance agreement and has taken a formal…
Section 129 notices
What Happens After a Section 129 Notice?
After a Section 129 notice, summons does not automatically follow after ten business days. Under Section 130 of South Africa's National Credit Act 34 of 2005, several statutory conditions must be satisfied before a credit…
Section 129 notices
What Is a Section 129 Notice?
A Section 129 notice is a formal written notice issued under South Africa's National Credit Act 34 of 2005 when a credit provider alleges that a consumer is in default under a credit agreement. It…
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