Author: Maryna Botha – STBB
24 October 2017
BLACKLISTED DUE TO A JUDGMENT: APPLY FOR RESCISSION
Consumers applying for credit are sometimes denied access to financing due to judgments appearing against their name, often without their knowledge.
Relief can be obtained in applying for a rescission of that judgment in the event that the consumer has settled the debt to which the judgment relates. Alternatively, if the judgment was erroneously noted against a consumer’s name or if it was granted in the consumer’s absence and the consumer has a defence to the claim, it may be possible to rescind that judgment and defend the matter.
Remember, you are entitled to at least one free credit report a year and it is a good idea to visit the webpages of a known credit bureau and ask for a copy of the details they hold relating to you.
For assistance or more advice, contact our professionals at STBB.