Assistance when facing Auctioneers or Receivers
IRAC has the tools and expertise to assist you when you need help urgently.
If you are receiving threatening demands from your bank, auctioneers and/or receivers, do not negotiate blindly. Before doing anything, you need to arm yourself with information & knowledge. From IRAC, you should obtain;
A straight interest recalculation to check for bank errors
An In-Duplum interest recalculation in terms of Section 44A of The Banking Act, which places a limit on the amount that the bank may recover from you,
An interest recalculation excluding illegal fees, charges & commissions in terms of The Central Bank of Kenya Act and Section 44 of The Banking Act.