Dear DMC. About 2 months ago I met with one of your consultants Aidan who explained to me that I owed Standard Bank over R100, 000 in a cheque overdraft account. I explained to him that this account was closed in 2003. It is impossible that I could owe that amount of money on a overdraft of R5000.00. I contacted Standard Bank and was made aware that the amount had been written off due to bad debt. 10 years later DMC would like me to pay them this money and have put a trace alert on my credit record which is hampering me from getting credit. I currently have no adverse info on my account and have made sure to pay all my accounts on time as I am now older and wiser. Please advise according to the prescription act no 68 of 1969 with regards to a collection period. Thank you
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