These schemes are designed to unknowingly enrol individuals into a formal debt review programme, making them ineligible for future vehicle finance.
Explaining the concerning trend, Brandon Cohen, NADA Chairperson, stated: “South Africans are increasingly receiving unsolicited calls from organisations offering debt relief services. By participating in a brief survey and answering a series of questions with a simple ‘yes’, consumers may find themselves enrolled in a debt-review programme without giving explicit consent.”
Debt review is a legal process designed to assist over-indebted consumers. It involves debt…