Section 129 Notice
Section 129 Notice
Date: June 25, 2055
To: [Consumer's Name]
[Consumer's Address]
Dear [Consumer's Name],
We write to inform you that you are currently in default under the terms of your credit agreement with [Your Company Name], as governed by the National Credit Act, Act 34 of 2005.
The default relates to your failure to make the following payments as required under the agreement:
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Installment due on [Date]: [Amount]
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Installment due on [Date]: [Amount]
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Installment due on [Date]: [Amount]
The total outstanding amount as of the date of this notice is [Total Amount].
You are hereby notified of the default and advised to take the following actions:
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Remedy the Default: You are required to remedy the default by making the outstanding payment of [Amount] no later than [Due Date].
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Contact Us: If you are unable to make the payment by the due date or if you have any queries regarding this notice, please contact our offices immediately at [Your Company Number] or [Your Company Email].
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Consequences of Non-Compliance: Failure to remedy the default as required may result in further action being taken by the credit provider, including legal proceedings or repossession of assets.
Please be advised that you have the right to seek assistance and advice from a debt counselor or consumer advocate regarding this matter.
Yours sincerely,
[Your Name]
[Your Email]
