Our company falls under ICA - having debtors varing from large bus to the guy working out of his garage.
The bank has agreed we don't need to register, but the question the bank asked ' what about your debtors?' they don't all fall within section 7 (1)?
1) do I need to adapt my credit application forms to accommodate these guys?
2) do I need to register to cover these debtors?
I believe Jazz's questions sort of covered this and Yvonne 4/4/07 questioned along these lines.
p.s the extent of my knowledge on this subject is - a morning workshop, which covered consumers, I learnt we fall into ICA. Any info will be most appreciated.