These are different stages of the collection process with different implications:
Section 129 Notice:
• Formal legal notice required by the National Credit Act
• Gives you 10 business days to remedy the default or apply for debt counselling
• After 10 days, the creditor can proceed with legal action
• The account may be excluded from debt review if you don't act within 10 days
Letter of Demand:
• Informal collection letter, often from attorneys
• Precedes formal legal action
• Indicates you may be over-indebted
• You should consider debt review if you receive one
If you receive either, contact us immediately – time is critical.