CogitoErgoSum Posted June 30, 2019 Posted June 30, 2019 Good day. I was previously employed in the life insurance sector at a large insurance house only for a year and a bit. I resigned on 15 December 2018. This week I found out that my resignation was never processed, and only went through in May 2019. There is a loan that was made to me for a laptop, and certain employee benefits were debitted during my employment. These were still debitted, and accumulated interest until May. They want me to sign Acknowledgement of Debt without re-calculating/crediting what has accumulated until May. What action can I take?
IceCreamMan Posted June 30, 2019 Posted June 30, 2019 What does yr contract state? Secondly, you cannot be held liable for the error of another party. Tell em to rectify their error and sort it out. Assuming you have proof of resignation etc.
Frosty Posted June 30, 2019 Posted June 30, 2019 Best speak to someone with legal knowledge of the national credit act - interest on a loan is subject to certain rules, but the loan itself is not governed by the act. If your work contract states you're liable for all outstanding amounts on the loan, they have the right to claim it, but interest is a whole different story.
fanievb Posted June 30, 2019 Posted June 30, 2019 Best speak to someone with legal knowledge of the national credit act - interest on a loan is subject to certain rules, but the loan itself is not governed by the act. If your work contract states you're liable for all outstanding amounts on the loan, they have the right to claim it, but interest is a whole different story.If it has interest or fees, the NCA is applicable. Certain provisions might not be applicable depending on when the loan was taken
Harryn Posted June 30, 2019 Posted June 30, 2019 OP there is not enough info in your post to even begin advising you. Save for this: do not sign an acknowledgment of debt before seeing an attorney.
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