I acknowledge
and undertake that in respect of any amount claimed by me from a consumer:
- I have complied
with all of the provisions of the National Credit Act 34 of 2005 (“the NCA”)
- 3 (Three)
consecutive billing cycles have passed, during which time the consumer has
failed to make payment of the minimum amounts required in terms of their
agreement or other legally binding document;
- The debt
demanded by me has not prescribed;
- As at the date
of me loading any default, the amount demanded has not been settled in full by
the consumer; and
- I have given
the consumer the requisite 20 (twenty) business days’ notice, as is required in
terms of regulation 19 of the NCA, prior to loading the default.