BLACK FRIDAY, CYBER MONDAY, BANKRUPTCY TUESDAY
In order to entice more clients, it is not unusual for credit unions to advertise a special holiday loan which has a low rate that is only available on Black…
Debt review: why you need a clear strategy
Getting out of debt is difficult, but not impossible, but you need a strategy,” according to Ghana Msibi, WesBank's executive head of the motor division. He explains the debt review…
10 handy tips to be more credit savvy
The way you manage credit can impact your ability to get future loans, like finance for a car, a bond for a house or even a cell phone contract, according…
Mounting credit card debt: A financial horror story
For many people, debt feels ‘free’ when they’re swiping their card as opposed to paying with cash. South Africa’s ongoing challenging economic conditions have increased the need for consumers to…
Debt Relief Bill: 13 Fast Facts
We explore details around Government’s recently signed National Credit Act amendment, which aims to free low-income earners of crippling debt. Just over two months ago, the National Credit Amendment Bill…
Too many South Africans are slaves to debt
If you want to know the frustrations associated with being in debt, ask 27-year-old Muzi Mehlala (not his real name). He is over-indebted, despite the fact that he has been…
Millions of South Africans may have their debts cleared — thanks to a new law. Here’s how it will work
The new Credit Amendment Bill could result in 9.5 million overburdened South Africans having their debts written off. Only those earning less than R7,500 a month will qualify, and you will…
DEBT INTERVENTION WHAT IS IT?
Debt intervention is essentially a debt review offered by the National Credit Regulator. It applies only to certain consumers based on how much they earn and the type of debt…
Domicilium Citandi Et Executandi
Domicilium citandi et executandi is a fancy old Latin term which, if directly translated into English, means something like a “house for summoning and upkeep”. It is a legal term…
Time To Spring Clean Your Debt
Spring is almost here! Time to spring clean your debt. The start of Spring is usually a cue for us to toss out things we don’t need. But what about…