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Good news if you are blacklisted in any way

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In amplification of this article published recently on MyPE: Breathing space for black-listed consumers:

The Department of Trade and Industry, on 27 February 2014, published the Removal of Adverse Consumer Information and Information Relating to Paid Up Judgments Regulations, 2014 (‘the credit amnesty’) which will come into effect on 1 April 2014. This removal is applicable to all consumers as defined by the National Credit Act (NCA).

There are two parts to the credit amnesty information removal process, one relates to a Once-off removal and the other relates to On-going removal of information. The credit amnesty means that all consumers who are listed on the credit bureaus with the following negative information as at 1 April 2014, will have this information removed from the records of the credit bureaus by the 1st June 2014 in accordance with Regulation 2 (b).

Once-off removal

  • Removal of all adverse information (irrespective if paid or unpaid) which includes Negative classifications of consumer behaviour such as ‘default’, ‘delinquent’ or ‘slow paying’; Negative classification of enforcement action, including classifications such as ‘legal action’ or ‘write-off’; Negative status codes as reflected on consumer payment profiles.
  • Removal of paid-up civil court judgements where the consumer has settled the capital amount.

On-going removal requirements

  • Going forward removal of all paid up judgements on an on-going basis as per the regulations in the credit amnesty; and paid up adverse information listings as per the National Credit Amendment Bill which is still to be promulgated.

The credit amnesty does not mean that consumer’s credit obligations no longer exist, but rather that certain negative records regarding the manner in which they have previously managed their obligations will no longer be held on the records of the credit bureaus.

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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.

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  2. (Once-off removal of negative information) I still see negative info on my profile what do I do