SASS noted the matter where Wesbank is currently before the National Consumer Tribunal in a dispute about voluntary surrender of motor vehicles. The form should contain all the information Voluntary Surrender When Debt Review is not an option Can’t make your monthly payments Removes garnishees and judgments Stops legal action Find out more Staff Financial Wellness Staff wellness for companies concerned (Voluntary Surrender) 61 P Steyn – Vrywillige Boedeloorgawe (Voluntary Surrender) 8378/11 62 Z S C Dennis & 1 ander – Vrywillige Boedeloorgawe 8326/11 (Voluntary Surrender) 63 A … 44 L T Muller - Voluntary Surrender 16058/2020 45 A C G Brunkhorst vs S P Grove & 1 other – Sequestration 17256/2020 46 Provision Investment (Pty) Ltd – Voluntary Liquidation 16531/2020 surrender the vehicle voluntarily (i.e. "The voluntary surrender procedure provided in the National Credit Act is one of the options available to a consumer who is in default under a credit agreement. Voluntary Surrender: If your payments are up to date If you know you won’t be able to keep up with your monthly payments, Section 127 (National Credit Act) states that you can give a written notice to the credit provider indicating that you want to return the goods. If you voluntarily surrender the vehicle, the bank representatives must give you a form or agreement to sign to prove that you are surrendering the vehicle voluntarily [Section 127 (1) (a)]. WesBank referred to tribunal over unfair credit practice A probe by the National Credit Regulator shows the vehicle financing house lured consumers into … If you financed your car through a bank, then handing back the keys is in effect a voluntary surrender. WesBank states the image below to be of the car as it was located by the agent, proving that the driver was not pulled off the freeway. Benjamin advises never to surrender a vehicle to anyone claiming to represent the bank unless they have a valid writ of attachment, signed by a judge and stamped by the court. agree to give the vehicle back to us); or negotiate a payment arrangement that suits both of us. This may result in a claim being rejected or the claim payment being reduced. A voluntary termination should not be confused with a 'voluntary surrender', which should be avoided. It is, of course, impossible to identify a plainclothes officer so this would mean that the officer would have to be in uniform to be easily identifiable. SURANCE 3 OUTsurance Credit Protection Facility when your circumstances changed. Wesbank, a division of FirstRand Bank Limited, is one of South Africa’s leading vehicle and asset finance providers. 37 Voluntary Jobs in Johannesburg available on Adzuna, South Africa's job search engine. A: When in Debt Review all your current credit agreements are restructured into your monthly Debt Review repayments. The regulator is taking issue with WesBank approaching defaulting consumers to surrender their cars, as opposed to defaulters approaching WesBank. abuse of court process, sequestration proceedings, voluntary surrender, sales in execution 3. Wesbank, a division of FirstRand Bank Limited, is one of South Africa’s leading vehicle and asset finance providers. If you decide not to exercise any of these options, we will proceed with our legal action and inter alia request the Court for an order for the attachment of the vehicle. 20 J L Links – Voluntary Surrender (Vrywillige Boedeloorgawe) 543/11 21 T Janse van Rensburg & 1 other – Voluntary Surrender (Vrywillige 547/11 Boedeloorgawe) … Faisal Mkhize, Managing Executive at Absa Vehicle and Asset Finance says the bank will take possession of the asset, value NB!! The 6-month finance holiday scheme for new … 13 Wesbank, A Division of Firstrand Bank Limited vs F Fataar – Agreement 22853/2019 2 APPLICATIONS 14 G Van Coppenhagen – Voluntary Surrender 12662/2020 15 S H N De Villiers – Voluntary … Section 27 of the Insolvency Act 24 of 1936 as a Violation of the Equality Clause of the Constitution of South Africa: A Critical Analysis 91 M Ismail – Voluntary Surrender 10643/19 93 Rota Investments CC vs J P Swarts & 1 other – Sequestration 11147/19 95 A M van Huyssteen vs S Theron – Sequestration 11346/19 Voluntary Surrender If you end up in the situation where you find that you can no longer afford to pay for your vehicle, and not yet in arrears with the vehicle payments, you can choose to make use of Section 127 of the National Credit Act (NCA) and voluntarily surrender your vehicle. “The voluntary surrender procedure provided in the National Credit Act is one of the options available to a consumer who is in default under a credit agreement. Regulator says the lender coaxed defaulting customers to surrender their cars, undermining the voluntary nature of the surrender process Wesbank should … 21 J De Koning – Vrywillige Boedeloorgawe (Voluntary Surrender) 2473/15 22 C S Brophy & 1 ander – Vrywillige Boedeloorgawe (Voluntary Surrender) 22651/14 23 … “Section 127 of the NCA deals with the voluntary surrender of goods that have been attached by a court. Sheriffs and traffic experts say the recovery of vehicles by anyone who is not a sheriff of the court or a police officer is “illegal“.. Also it is illegal for vehicles to be pulled off the road by anyone other than a police officer. WesBank has arrangements in place that extend to even longer than six months; Should deliberations fail, the last option is repossession by either voluntary surrender or the legal option. You will not be allowed to trade in your current vehicle below Debt Review for a new vehicle if it is linked to a new credit agreement. WesBank has arrangements in place that extend to even longer than six months; Should deliberations fail, the last option is repossession by either voluntary surrender or the legal option. Sharing of information We respect the confidentiality of your Discover thousands of new jobs every day. NCR said that its investigation revealed that Wesbank, through its debt collection agents, coaxed defaulting consumers into relinquishing possession of their motor vehicles, which undermines the voluntary nature of the surrender The voluntary surrender procedure provided in the National Credit Act is one of the options available to a consumer who is in default under a credit agreement. facilitate a voluntary surrender. Volunteer writers needed JOHANNESBURG CBD Volunteer writers and editors needed needed for a online magazine focusing on business, women lifestyle and entertainment. 8 Wesbank, a division of Firstrand Bank Ltd vs F Rorick – Agreement 3643/2020 APPLICATIONS 9 T Regue – Voluntary Surrender 9348/2020 10 M J Carstens – Voluntary Surrender 9349/2020 11 M M M Momberg – Voluntary Wesbank will cooperate with the National Credit Regulator in its investigation of the bank's debt collection practices.

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