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SAFLII Note: Certain personal/private details of parties or witnesses have been redacted from this document in compliance with the law and SAFLII Policy

IN THE NATIONAL CONSUMER TRIBUNAL

HELD IN CENTURION

Case Number: NCT/ 293/2009/138 (1)(P)

DATE:02/02/2010

In the matter between:

ADRIAAN BISSCHOFF................................................................1st Applicant/Consumer

ID:...

LILLIAN BISSCHOFF..................................................................2nd Applicant/Consumer

ID: ...

and

ABSA BANK LIMITED......................................................1st Respondent/Credit Provider

AFRICAN BANK LIMITED...............................................2nd Respondent/Credit Provider

CONSUMER FRIEND (TRUWORTHS ACCOUNT).........3rd Respondent/Credit Provider

CONSENT ORDER

The Tribunal, being satisfied that the Applicant and the Respondents are parties to a debt re-arrangement facilitated by a Debt Counsellor under section 86(7)(b) read together with section 138(1) of the National Credit Act, Act 34 of 2005 ;(the Act).

The Tribunal having read the papers filed of record and heard the Debt Counsellor;

The Tribunal hereby orders that;

1. The draft consent order formulated as the order of the Tribunal attached hereto and marked Annexure "A" is confirmed;

2. The parties are warned that failure to comply with the order of the Tribunal constitutes an offence in terms of section 160(1) of the Act.

Dated and signed at Centurion on this 2nd Day of February 2010

ADV F. MANAMELA

PRESIDING MEMBER

IN THE NATIONAL CONSUMER TRIBUNAL
HELD AT CENTURION

CASE NO.

In the matter between:

Adriaan Bisschoff...............................................................................1st Applicant/Consumer

Identity number:

and

Lillian Bisschoff.................................................................................2nd Applicant/Consumer

Identity number:

AND

Absa Bank Limited.................................................................1st Respondent/Credit Provider

African Bank Limited.............................................................2nd Respondent/Credit Provider

Consumer Friend...................................................................3rd Respondent/Credit Provider
(Truworths Account)

DRAFT CONSENT ORDER IN TERMS OF SECTION 86(8) READ TOGETHER
WITH SECTION 138 OF THE NATIONAL CREDIT ACT 34 OF 2005

WHEREAS:

a. The consumer applied for debt review in terms of the National Credit Act 34 of 2005;

b. The debt counsellor found that the consumer is experiencing difficulty satisfying all obligations under the credit agreements in a timely manner;

c. The debt counsellor recommended a restructuring of the payment installments to all the credit providers, as per the agreement which is attached hereto marked: "Annexure B";

d. All the respective credit providers and the consumer/applicant consented to this agreement, which consents are hereto attached marked "Annexure C"

NOW THEREFORE:

The Tribunal, being satisfied that the Applicant and Respondent are parties to a debt rearrangement facilitated by a debt counsellor under section 86(7) of the National Credit Act, hereby orders, by consent of the parties:

3. That the payment structures of the agreement between the Applicant and the respondents as set out in Annexure "B", be made an order of the National Consumer Tribunal;

4. Which agreement restructures the payment installment by extending the payment period as indicated in Annexure "B"

Creditor	Reference	Annual Interest	New Monthly Installment	Balance	Estimated Period in Months
Absa Bank Ltd	69003384	14.60%	R1 000.00	R19 746.40	25 months
African Bank Ltd	6137705003 6137705002	15.50% 15.50%	R424.56 R469.38	R15 230.47 R6 430.29	29 months 19 months
Consumer Friend	Truworths Acc 10100308208993	21.00%	R100.00	R1 577.86	23 months

DATED at Centurion this the day of 2009

REGISTRAR OF THE NATIONAL CONSUMER

TRIBUNAL Applicant/Consumer

Debt Counsellor on behalf of the Consumer

Date at Sasolburg on this 26 day of October 2009

1st Applicant/Consumer 2nd Applicant/Consumer

TO:

THE REGISTRAR OF THE TRIBUNAL CENTURION

1. African Bank Limited 2. Absa Bank Limited

59 16^th Road 3 The Crescent, Westway Office Park,

Midrand Westville

1685 4000

3. Consumer Friend

3 The Crescent Westway Office Park

Westville

4000

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