JOHANNESBURG - Imagine paying for debt that is no longer legally binding.
It’s called prescribed debt, and the law says it should disappear after three years of no contact
But millions are still footing expired bills, unaware of their rights or too afraid to push back.
With rising living costs and record credit stress, some debt collectors are banking on consumer confusion.
They even resort to using pressure tactics that keep expired debt alive.
To help us unpack the grey areas, we are joined by Dehan Scherman from Financial Wealth Holdings.