I recently received an email from ITCBA for a debt owing to them, I have never heard of this company before, I then made contact with them and they state that I owe this debt from 2008.
I've never been contacted by anyone regarding this account in over 3 or 4 years, I cannot recall that's how long its been. As to my knowledge, which was confirmed by the NCR, as per the Prescription Act, I do not have to repay these debts as it has lapsed past the 3 year mark. Prescription is 3 years, I'm not sure if ITCBA is aware of that or maybe they are not governed by this Act. Surely there are rules and laws that have to be complied with by debt collectors.
I am frustrated and plan to seek legal advice on this matter. I intend to also approach the ombudsman for Credit Bureaus to take action against Trans union ITC for illegally displaying out-dated information on my credit report without requesting details of the transactions involved.
0 comments