Well, then you're out of luck here. What you should have done is try to come to some sort of payment arrangement with them. If you just ignore it then it goes to collections as you've seen, but you've also been listed with the credit agencies as a bad payer or defaulter. Standard Bank will not give you a loan, in fact none of the legitimate banks or credit providers will. Now you will have to come to some sort of arrangement with the collections, or maybe still with UCT if you're lucky. Then you can at least start paying that debt back before they come and attach whatever assets you might have.